At the meetup there was a speaker who was talking about his success to financial independent and when he went through his list of rentals he bought over the years it left me with a lot of questions. 1: Most of his rentals he bought in B+ to A area's in the 300-450k range in Florida.2: His numbers just didnt make sense, one deal he posted it showed literally like a +$5/month cashflow only....So afterwards i started to talk to him more and he mentioned that he is not the type that invest in cashflow, he is a equity investor... intrigued me so i asked more questions and basically he went on to explain to me that he buys properties that need a little bit of work, but have built in equity in the deal, but he has 4 main rules he goes by... 1: If the Roof is greater than 10 years, he always puts a reduction in his offer for a replacement roof.2: If the A/C is older than 5 years, he always puts a reduction in his offer for a replacement a/c.3: If the house is older than 30yrs old, he always puts 10-15k reduction in his offer for a water line replacement.4: He refuses to buy houses with pools....Anyways after a bit of talking he explained to me that he buys larger 300-450k houses, because most investors are educated to not buy them, so there is a lot of room to wiggle on the deals due to lack of competition on offers and most people in that price range are easily able to be purchased with a few % out of the deal to skip agent commisions..Example he gave me, he recently bought a 455k deal for 405k, but the ARV 535k, because he talked them down in needing a new roof, and a/c and offered to pay cash instead of going through an agent if he would drop 4% off the price for that... 

however the main point is if for some reason your borrower has a hiccup do you have the funds to step in and cure their first loan. 

I am totally out of my element and depth here..  !!! 

The main issue I would have with the number is the Maintenance number. 

Let's assume cash flow is low-to-none.AFAIK:The main advantage of bulking up: More properties --> more gain if there's high appreciationThe main advantage of sprinting: Less money spent on interest payments (about 3.5x less), which also means higher equity gaining ratio.Everywhere I look, people are saying that you should *always* go for the 30y approach.

The outside faucet was also off; when turned on it just dripped a little, so I think the inside main also cut it off and it just hadn't fully drained.

Basements at best appraise for 50% of the value of the main level(s). 

@PJ Kolnik I don't mind the inspections and the regulations are not that bad.My main complaint is that I can put a regular tenant in one of my properties in 2 days.

In the spirit of the Podcast's "Deep Dive," I figured I would go ahead and provide a Deep Dive of my own for anyone who has read this far into my post :) Type: 4-Plex - Savannah, GA Units: 4 (2BR/1.5BA, 1200 sq ft Apartments) Price: $350,000 Current Appraisal: $395,000 :) Equity :)Rehab Estimate: $30,000ARV Estimate: $460,000Current Rent Roll: $2950Projected Rent Roll: $4500Cash to Close: $2,400 :) :) :) So here goes - I found this property by just searching the MLS (mainly Trulia and Zillow). 

Mainly, I'm just interested in what definitions you're using to claim that this property would "cash flow".Sorry to OP for going off-topic.