If you're thinking long term buy and hold, buying a condo in a great city is not a bad option.  

So, in the BP Calculators where do you input “partner payoff” or “hard money payoff” as I assume those $ amounts (% of the deal) could make a difference whether a “good or bad” deal?

So my math:$900 GSR-$90  Vacancy (10%)-$68  CapEx (7.5%)-$68  Repairs (7.5%)-$90  Management (10%)-$436 PITI=$148/month cashflowThat's not bad as per door CF.

Too bad close only counts with horseshoes, hand grenades and stretching carpet.Sell something.

If you're looking for additional safety, you could even split some of it to be invested into conservatively underwritten debt, so that if things go badly you can foreclose and recover some or all of your principal.

Although negotiations to sell might be my only choice....

Also is there a definitive list of bad areas in LA?

In the end if you get a bad enough tenant maybe you end up flipping a house anyways...just kidding. 

Hello again BP membersI have recently discovered how to pick up not so bad REO SFR’s to flip and rent out (or flip and sale .. not my thing though) with basically using the brrrr methodMy question is more of which is better scenario to be inif to pay down my primary residence and then have (easy numbers) 100k available in HELOC moneyOr have 100k cash money laying thereAnd then after having such funds available (easy theoretical numbers)Go out and Find a REO SFR for 50k Needs 25k in repairsAppraises and ARV comes back at 100kAnd will rent out for 1400-1200 a monthCash out finance 75k (75% LTV)Pay back your self or helocAnd repeat process overNow my immediate goal is to reach 15k PASSIVE income but i want opinions on how to get there faster and with this idea i have seen a few examples of in older threads but not alotThanks in advance!

@Matt GilroyI haven't been in the service in a long time, but traditionally, members who have dependents (spouses or children) usually have the option of living on-base in the military family housing for free, or off-base and receive a monthly housing allowance.So, it's not a bad gig.