Purchase price: $350,000 Cash invested: $100,000 My parents and I partnered and purchased our first real estate investment property in 2023.

I'm looking for deal structure, pros and cons, tips, etc.My goal is to buy some of these new small affordable starter homes at a price that will cash flow, after foregoing my half of the equity split. 

I started my STR without a pool heater and added that after generating some cash flow, but again that really depends on the current condition.

I'm looking for something repeatable (not sure how repeatable my commercial deal would be) that I can use for the next decade to build equity and cash flow. 

I spent a total of $70k cash on the house (cash to close and renovations).

I’ve realized basically every one of these signs I’ve seen is either hand written or just not professional looking at all they say “we buy houses cash” and have a number underneath . 

The markets around Greenville, at least for cash flow make more sense.

Today I got a bill that is 100% more than what I used to pay - my blood was rushing- They increased my building coverage- They changed from "cash value" to "replacement value"These 2 updates that they made cost my portfolio to go double.

(I have a general contractors license in CA) I would say about 4 of them have 100k+ of untapped equity since we never did any cashout refi.Question:Our cash savings currently is about 250k free and clear, My question here is should I give up the IT business, focus on buying 1 house cash, spend my time on rehabbing the house, (guessing 2-4 months is what that would take), do the other RRR parts and build more wealth this way.

This is a great strategy to quickly build up cash flow to supplement your income.