South Florida is amazing for appreciation but I know in most areas especially Palm Beach, you will see little to no cash flow.

Purchase price: $146,000 Cash invested: $42,100 Bought through hard money.

My current goal is to reach 8k/month in cash flow.

I would post a 3 day notice to cure or quit and do a few 24 hour notice walk through to ensure the issue has been resolved. 

Therefore, the cash flow each month will be much higher than the second scenario.However, the second scenario is MUCH LESS out of pocket.

., before December 30If the earliest possible date investor was actively carrying on a trade or business was December 30, 2004, then any expenses incurred in that year but incurred “before the day on which the active trade or business” began, all the expenses incurred from January 1 through December 29, 2004--would be, by definition, start-up expenses whose deductibility, and possible amortization, is expressly dealt with by section 195(Start up amortization).

This project highlighted our ability to enhance property value through strategic, minimal renovations and effective project management, resulting in a successful and profitable sale.

For investors, multi-family properties are great for cash flow, and local networking is key.

The property was purchased through a LLC so a conventional loan isn't an option for us.

I just invest locally and luckily have been able to find properties with a nice blend of cash flow and appreciation (lots of appreciation).