Looks like there is a lot more movement this month in Dallas-Fort Worth!

Understanding cap rates, net profit and economy (supply/demand housing, interest rates lowering increases demand, the real estate cycle, investing for cash flow vs appreciation) will all set him up for success.

Our goal is definitely to have a positively cash flowing property, but we know it takes time. 

Was considering doing a HELOC or cash out refi to move on to my next property.Any credit unions or lenders with good rate that anyone can suggest in south florida?

They can also help guide you if it is even worth it or not.

Here is some free advice (worth what you pay for it):Upon application, obtain a handwritten statement from the borrower describing the intended use of the money.

Would recommend for someone that has the time and experience, without a ton of cash to invest into deals.

Purchase price: $1,410,000 Cash invested: $282,000 16 unit major value add off market multifamily apartment purchased in June 2022 without any investors or outside capital.

So cash burn while your doing that. 

But I need to make some cash flow for it to make sense to pay the property taxes at the end of the year.