I think personally it makes sense if you're staying at a good rent level and can buy a multifamily house to generate cash flow.

I used this property(my first rental) as a cash generator/stabilizer for my additional rental properties.

Thing is many are A-class neighborhoods so generating cash flow will be difficult as the market pricing is supported by owner occupied purchases.Is Parma a good area for investing?

I’m a newbie to whole selling just started generating leads with in my region, wanted to know the best market strategies being in WI?

Kai, I have a 12 unit as well and have been wrestling with the same considerations-value add and generate more rent.

In the coming weeks, I will be gathering some leads and making my first official visits to various properties.

So your breakeven all in cost to live for your family might be 70,000 to 75,000 after taxes and write downs.If you buy a house all in for 100k that after all expenses generates 1,200 a month take away 50% for expenses. 14,400 a year total / 2 = 7,200 a year or 600 a month profit if buying all cash.

My goal is to flip single-family homes to generate capital which will be used to build a portfolio of rental homes.

Its a 1938 home, so probably some lead paint issues. (~$???)

I look at:- Revenue/Profit by Channel to understand most valuable channel- Revenue/Profit By Month to understand seasonality- Booking Lead time to understand behaviours -- important to know to determine ideal time to drop prices- Days booked/month and average daily rate/monthI'll update if I start mining others