Multi-families can be great for cash flow, and is what I do myself along with several of my clients (investor-friendly real estate agent in St Louis) but it's a much more long term approach than flipping.  

If you have enough cash flow coming in to sustain your current lifestyle, a job that gives you more time to market seems like a good idea. 

Hi All,I'm wondering who out there has had success implementing the BRRRR strategy in the Midwest or in some other high-cash-flow area while living out of state.

My goal is to build cash flow, pay off debt and be financially comfortable.

What led you to partnering (or not) and how did you structure the partnership (split cash flow, cap costs, financing costs, etc 50/50 or some other structure?). 

I hope you hear from some CA gurus too, out of curiosity, because in my area you would never be able to pull cash from a negative cash flow property.Out of curiosity why do you want to take on the liability of a personal home when renting is less expensive.

On the surface positive cash flow of $215/month on a SFH is not bad but the bigger question is can you increase the profits at all.

We purchased a 3 bed 1.5 bath home, 1500 square feet on half an acre:Purchase price: 66K; 20% down paymentRent: 850.00PITI: 390.00Vacancy: 10%PM: 8%Repairs: 10%Cap Ex: we have a separate account set aside for this that we fund ourselves and contribute to monthly.Rehab costs: 3K (paint, flooring, cleaning)Monthly cash flow: 222.00Cash on Cash return: 16%I'm happy to have our first deal done.  

New to apartment building investor and would like to employ value add strategies to build equity and wealth,cash flow should be positive.But my main concern is to build equity and wealth.So my target should be mom and pop properties,but as far as I worked with different brokers and research different market,it seems this kind of properties are really difficult to find.Any experienced investor can share insight here?

easy place to get in and great cash flow.