Generated $3k in income by asking for back taxes plus additional $3k back in credit off the sale price.

We aired it out, washed the floors and walls, used an ozone generator, deep cleaned everything, aired it out, painted, aired it out again and essential oils at the end sealed the deal.

We aired it out, washed the floors and walls, used an ozone generator, deep cleaned everything, aired it out, painted, aired it out again and essential oils at the end sealed the deal.

You need a lot more capital for investments if you are going to generate enough cash flow to live on passively.

I work full-time but also own a couple small businesses generating some additional cash flow on the side.

If you are looking to buy in a year from now, you can do a lot between now and then to generate cash. 

If it's a sale or long term hold you want to determine the revenues you can generate and back into the project that way.

I'll keep that in mind, if I find my searches aren't generating what I'm looking for.Thanks for the encouragement and best of luck!

@ Ryan Fox  I'm looking to either a) Put a truck parking lot on a portion of the land to generate some income or  b) Lease the land to someone else with bright ideas,  Land is zoned industrial.

He suggested the following as rules of thumb:Multifamily $100/month/unitSingle Family $200/monthCash on cash return 10-12% (annual cash flow/total cash invested)Equity of at least 25% (property value-debt)Total return over 5-10 years 15% (double the stock market) as measured by (total profit/total cash invested)/number of years1 or 2% rule-- rental income generated/purchase price = at least 1% or 2%Even if you know all these things, the webinar was a good refresher.