So what you need to look at is what are active flippers paying for properties, and what are they paying to rehab them.

.: unless a lake front, dont bother - the market is oversaturated. open airbnb and see how many available properties there are for the upcoming holidays.  

It was an awesome property that would be 8 digits in Southern CA if you could even find such a property.  

Brandon Turner recommended this technique in his books and podcasts, but that was back when he was managing his own properties.

Takes a few min a week managing 8 rentals. 

The property is worth 800k.

I’m aware that money is likely going to be spent but, assuming it doesn’t, then can you still make tax free cash flow simply off of the recurring deductions like interest, management, hoa, utilities, taxes, insurance and depreciation? 

This could potentially drive up the price on the subject property. 

Now, I also run the Property Profit Academy, where we help investors sharpen their skills and level up their investing game.

My primary residence is debt free as is my rental property-- the thought is the rental will supplement the retirement income and I'm not chasing ROI/ COCr / vacancies / etc.Thanks for the welcome!