Lenders want to see income, not negative cash flow, even if the loss is just on paper from depreciation.

One thing to be mindful of is the cash flow of the property as you get into higher LTVs.

@Krystal Lozano A good majority of areas still produce day 1 cash flow for multi family in Pittsburgh with a 20-25% down payment.

Researching local job markets, schools, and even infrastructure projects can provide insight into potential appreciation and cash flow.You might want to explore markets in the Midwest or South, which often have lower entry points and better cash flow potential compared to California.

It is a fantastic time to buy for equity, but it will be extremely tough to cash flow as rental prices are continuing to decline.

Using a HELOC to fund your first rental can be a great strategy, especially if you want to preserve your cash for other expenses or unexpected costs.

You may also have to get your "hands dirty" in order to make these properties cash flow.

Instead, as RAD explains in its circular, investors are given two opportunities each year to cash out their shares.The rules surrounding these cash-out opportunities — RAD’s “share-redemption program” — are stringent.For one, investors don’t get the full value of their shares if they’ve held them for less than five years.

Hopefully you raked in enough cash to buy a warm jacket!

Quote from @John O'Leary: Hi Joe,We’ve worked with several PadSplit investors to secure financing, and while these properties cash flow really really well, they do come with challenges—tenant turnover/issues and being the biggest ones.One hurdle we’ve seen is that getting financing can be tricky since PadSplit rentals are still considered non-conforming by most lenders.