I use cash comps as the first people I look to sell wholesale deals to.  

With a cash flow of $6,600, an 11% cash-on-cash return, and an 8% cap rate, you’re seeing good profitability.

Purchase price: $270,000 Cash invested: $20,000 Sale price: $360,000 Purchased a house to rent out and complete smaller but necessary renovations and cosmetic updates over time.

Have AT LEAST a year's worth of a cash runway saved before making the jump.

Structuring a joint venture (JV) or equity partnership can make the deal appealing by offering a share of cash flow and appreciation. 

You need to remember that, hopefully, this is a long-term play for you, so work with a trusted STR designer (I have great recommendations), and spend the money upfront so you can be the most successful in your area.

Purchase price: $122,000 Cash invested: $41,000 Single family home.

I currently live in it as my primary residence but had plans to eventually rent it out and then cash out refi once I reach 20% equity in the property.

My interest rate and purchase price wouldn’t allow for positive cash flow unless I charged an unreasonable rent—or put about $500K toward the principal, which isn't ideal.I’m a high earner, so I’m weighing my options:Take the loss ($60K-$100K), buy another house, and chalk this up to a hard lesson learned.Refinance, put more money into it, and rent it out long-term—even if it’s not immediately profitable.Invest my money elsewhere and try to make peace with staying here for several years or just move.Would love to hear thoughts from anyone with experience in real estate, financial strategy, or noise mitigation.

We walked with about $55k of tax free cash on a $147k house with $55k renovation budget.