We need to get quite creative in order to continue investing and have cash flow.

$350 monthly cash flow

I can only think of reasons not to: capital gains tax, loan interest rate less than the property’s cash flow, risk… The only way I could make it work would be to identify a buyer I know will default.

Not necessarily for the cash flow, but to purchase it early while prices are suppressed and built equity to later use.

Here are the projections for 2024 to give an idea of expected returns:2024 IncomeLong-term Income$8,400Gross STR Income$45,500 (based on AirDNA projections)Additional STR Income$5,915 (mostly cleaning fees)Total Projected Income$59,8152024 ExpensesSTR Expenses$16,453 (32% ratio)Mortgage$34,476Insurance$707CapEx$3,600Taxes$2,729Total Expenses$57,965Projected Cash Flow$1,850CoC Return2.79%2024 Additional ReturnsPrincipal Paydown$2,930Equity Appreciation$16,200Mortgage Interest Deduction$7,571Total$26,701Total Projected Returns$28,551Projected Return on Investment43.1%Projected Return on Equity21.4%The CoC numbers are not impressive, and the property only cash flows as an STR, which carries some risk.

New builds in Florida are a smart option because they will have much lower insurance right now, but that also means the cash flow will be lower and appreciation stunted for a while.

Is Reno a good cash flow market?  

We are a pretty clean file. 

Hey BiggerPockets Community,I'm a beginner in real estate investing and looking for some guidance on the most effective way to invest and generate cash flow, particularly in the New Jersey area where I reside.

In Austin, there is a huge influx of people coming in and some going out as well, so that to me seems like a good opportunity because cash is flowing in real estate instead of staying stagnant.