Purchase price: $24,000 Cash invested: $100,000 Beautiful remodel currently on the market in Augusta GA, perfect for rental portfolio.

Now I help my out-of-state clients purchase flips and BRRRR deals here that hit the 1% rule, cash flowing, and have tons of appreciation at a very cheap price point -n $120k-$180k.

Old machines are okay if they were just purchased refurbished 2 years ago. 

I'm in the Stuttgart area and what I have found so far is that it's difficult to get any positive CoC because rental rates are so low compared to purchase prices.

I'm considering purchasing a property in a city where the average household income is around $50k per year, and houses are selling for $250k to $300k.

I'm asking this question due to months of searching for multi-family homes to start my multi-family journey but the prices are way too high to purchase as a newby. 

Now, I would of course be vetting buyers and making sure whoever purchases the deal has a solid track record and is a trustworthy individual/company first, but things happen.

Write them into your Purchase Agreement and get them under contract first.

I would keep the MFH I purchase and manage OOS. 

Thank you, I mean if one gets a loan to buy a home and rents it out so the renters can pay the mortgage while the investor keeps on buying homes but all are loans not purchased in cash, exactly when will the investor see a profit , seems like it will be a while.