.#5 Make Decisions Based on the NumbersYour real estate investing strategy should include the financial parameters by which you determine if a property is worth purchasing.Your strategy may include details about: Purchase price range.Investment cash needed for repairs and upgrades before leasing to tenants.Financing strategy for the short and long terms.Bargain purchase (the percent under fair market value a property must be purchased).Immediate value increase (the percent in increased value you expect after making initial repairs and upgrades).Geographic area.Net income.Cash flow.Net cap rate (annual net income/total value).When you find a potential investment property that fits within the guidelines of your real estate investment strategy, you can pull the trigger based on the numbers rather than emotions and personal preferences.#6 Don’t Buy from Unmotivated SellersMotivated sellers are usually willing to work with buyers, so focusing on finding motivated sellers can result in making great deals as a real estate investor.

Also get ready for your HOA fees to increase!

When the company needs more money will you take loans or each have to increase your investment equally to ensure 50/50 equity?

It was built in 1997 and everything is original and including the strawberry wallpaper, different oddly colored rooms, cheap appliances and worn out wood floors. 

Does anyone have any tips or tricks as to the cheapest/most useful updates that not only are eye catching to a potential tenant, but increase property value at the same time? 

What's their favorite color?

I guess my other question is wouldn't cash flow potential increase over time as your mortgage cost (the interest payments) decrease and you can increase rent. 

You get 13%.Increased Scale, Less Risk – You’re investing in a former hotel with 23 upscale units and a view of the Cali River.

Then within 1 to 2 years move out by buying another place rent your old place out you lived in and continue to increase your positive cash flow.Remember, cash flow is king!!

I know that increases the payment and adds PMI but I think we could find a program with a reduced or zero PMI option. this would keep more money in our pockets for other investments or rehab work.