I have heard that CA is very competitive and very difficult to find deals in.

I My goal is to have a cash flow. 

One of the first deals I had (multi in an up and coming area) my buyer was paying cash and the deal was solid.  

.), maybe showing how much equity could be pulled out of which property when, whether the portfolio would still cash flow, etc.

For example, say it were a 2bd/1ba property, I would just list it for 1 nurse to stay and I would hit my cash flow goal.

But if you can secure one with solid terms, it could be a great way to access capital while keeping the rental.If you believe in 28277’s continued appreciation (and I do), I’d lean towards holding the rental, increasing rents through strategic upgrades, and leveraging equity via a HELOC or cash-out refinance if the terms make sense.

Unless you still want to buy the property, the seller is in breech for not closing because you are full ready to close but they haven't or refused to sign anything.In NC if the seller breaches, the buyer can sue for specific performance.

It is also very risky and has a lot of potholes that you can find in your first try. 

Purchase price: $162,500 Cash invested: $75,000 I was offered this property directly before it went on the market from my agent.

Quote from @Roland VanLoan: Were you able to find a property that would cash flow?