And then play the follow-up game.Regards to commission...

If you need the money to sustain then the money from buy and hold is slow, it is long term play, so you would then probably want to rehab.

Give you the wherewithal to pursue and achieve your long-term goalsMany investors start off "too hot", and they either overdevelop their first property or they spend their money too fast - either of these behavior will stop you dead in your tracks, and you probably won't even be able to achieve your short-term goals - and you certainly won't have the resources to pursue your long-term goals.

Don't kid yourself - this is a cash flow play you're after.I recently purchased a 4-plex in May in the FSU area (a block north of Tenn St.) and had to completely renovate one of the units, so I figured it may be helpful if I drop some numbers on you as they should be somewhat relevant.....Purchase Price - $180k1978 build.  4 units - all 2/2sSeller paid 2% of closing costs.New roof in '13, new windows throughout building, new staircase, 3 of the 4 units had been completely renovated.  

If they are all going to be well under market value, you should have some equity room to play with and be able cut someone into the deal.

Pure cash flow plays in flat or falling markets is one sure way to increase your risk and to lose the real opportunity of having your money work for you.

Now, how it plays out and when and if the note gets called is another matter.  

Practically sometimes comes into play. 

Give you the wherewithal to pursue and achieve your long-term goalsMany investors start off "too hot", and they either overdevelop their first property or they spend their money too fast - either of these behavior will stop you dead in your tracks, and you probably won't even be able to achieve your short-term goals - and you certainly won't have the resources to pursue your long-term goals.

Give you the wherewithal to pursue and achieve your long-term goalsMany investors start off "too hot", and they either overdevelop their first property or they spend their money too fast - either of these behavior will stop you dead in your tracks, and you probably won't even be able to achieve your short-term goals - and you certainly won't have the resources to pursue your long-term goals.