With this strategy, you can expect to live for free and make $500-$1000 per month cash flow.

If we find that the well and septic need replacement, are you willing to negotiate on an all-cash offer?

Chocolate) Cash Offer 6.5 MillionI would just wholesale this and collect the assignment fee to split with my wholesale partner. 

In terms of structuring the loan - I am in the Houston market looking for a deal that will cash flow.

Most DSCR lenders will go to 80% on 1-4 units and conventional caps you at 70 for cash out and 75 for limited cash out or purchase.https://singlefamily.fanniemae....All the bestStephanie

This unit will be 100% cash flow since the upstairs 3 bed 2 bath unit already pays for all property expenses.

If the total renovation cost was $130k your "cash on cash" return for your renovation funds would be ~13% ($16,800/$130,000).

Purchase price: $194,500 Cash invested: $51,000 When we talk about long term rentals the goal is to buy something that people are going to live in 3-5 years with the ability to raise rent over time ahead of insurance, taxes and inflation.

We are planning to start our first few properties with cash so we don't get burned on hard money interest payments since it will be after work and weekends we are working on the project.

The others are trying hard but really just part of the experience- varying from losing money, breaking even or a small positive cash flow.