Hi, has anyone had any success in generating positive cash flow with student rentals in Hamilton/ Guelph area?

David, is that 30% rate you offer for all deals, even ones you pay to generate, or just self generated leads by your acq manager? 

I want to start by flipping single family houses using hard money to generate cash for more flips and multifamily rentals, but am unsure the next step I should take.Should I start calling hard money guys in my area (Denver, Colorado) to see how much I could get, or Find a deal and then call them? 

There are several medians to acquire motivated sellers, and normally the person or organization selling the service or program to generate motivate sellers will give you all the reasons why this is the best way, with a price tag of coarse. 

However, with all due respect you have about 20 podcasts to listen to and about 2K forum posts to read first.Learn a little, ask a question, read a bunch, watch a video.Learn a little more, ask another question, read a bunch more, watch more videos.Get an idea, apply what you've learned, realize you need to learn more, ask a question about your idea, which leads to a bunch to read, and 4 videos.Modify your idea, apply what you already knew, and what the changes to your first idea taught you.

This is where a majority of my qualified leads come from, I'm not opposed to scouting other areas as well but at this point, I've only been focused on this area. 

@Dan Oxman you are not the only person to initially think cash could be invested and give rise to tax benefits, it is a common misconception.I have confirmed this with OZ leaders in our firm as well as a few OZ syndicators and the OZ lead at a large Big 4 firm.

For example, lead paint, asbestos, lead pipes, etc.

I’m not saying it’s a no -go ,but I am saying practice your due diligence and get some professionals involved before you get too jumpy  if those numbers are correct that's about as good as it gets spread wise in the Portland market.. 230k ARV is one of the very cheapest areas of the city if its a free standing SFR detached.. and you say its on septic that leads me to believe its not in the city.. and seller warranting that stuff is worthless.. just try to collect after the fact when he is long gone with your money.. get a good contractor in there to assess the condition and what it will take to rehab.. 30 to 40k in our market is basically cosmetic only.

Difficult to generate positive cash flow at that cost.