@Ronald MejiaYou can buy in cash and or use a large down payment, 60% for example and you can lock in a rate that cashflows so you can have some liquid cash for unexpected expenses or use that cash for the down payment on the next BRRRR.

I buy props all the time built from 1910- 1940.

If you get the money to buy it where you getting the $60-$100k to renovate it?

Agree on above - holding very high interest (presumably) CC debt should be first priority to pay off before buying the first investment property

I learned this one from (now disgraced) real estate mentor John BeckWhat John used to do was go to tax auctions, and buy the odd, probably worthless lots nobody wanted.  

So even though property values may have skyrocketed, the taxing authorities aren't able to jump the taxes as much because of the limits the grandfathering puts in place.BUT... as soon as you buy a new home, or transfer it to a new entity (think LLC)... all that grandfathering goes away, and the taxing authority will bring  you up to that new Just Market Value".  

Hi folks,I am new on buying a property and trying to househack on fourplex property that is 40 years old(1980's).

I’m in contract to buy a property that has a new 2019 tax assessed value above purchase price.

There really isn't cash flow anywhere right now without some kind of niche or angle.If you buy a miscellaneous, "lower cost" house around the median in PA or OH, and put conventional or DSCR debt on it... it's not going to cash flow.And you really need to be hands-on somehow, whether that's literally your own or a trusted team. 

My husband and I have 5 rentals, we are not super experienced and just started buying some real estate in 2019.