We have renters there now and they cover the mortgage with a bit of cash flow ($100/month), but the property is going to need some more major updates (windows, roof, HVAC, siding) within the next 5 years as they are starting to be at the end of their useful lives.We would like to pay off our primary residence as quickly as possible to “free us” from mortgage payments on our primary residence.My questions are below:1.

If you take that cash and try to buy units in the area, ask yourself what are they selling for?

For example, two of my goals are to achieve a certain percentage for my IRR (internal rate of return), and a certain % for my cash on cash return. 

It would be nice to cash flow and I assume that is rare so appreciation is the goal within the next 3 to 5 years.

If you don't have appreciation capex will wipe out your cash flow. 

Purchase price: $2,500 Cash invested: $5,000 Single family House (2 stories), 3 bedrooms, 1 bath. 1100 sq ft. on Corner LotSingle car garage with 16' x 24' lean too.

Out-of-state investing in cash-flow markets or partnering with experienced investors for passive returns are also great ways to put your capital to work.

I think it’s a great place to invest, all the numbers point to it being one of few left with positive cash flow.

Couple hundred bucks a door monthly cash flow, solid ROI, and yes plenty of appreciation.I personally make well over $100k/yr cash flow from 21 properties here.

Jillian,You can solve two problems with just using a DSCR program to refinance pull cash out and then close in an LLC.