Businesses are much better for cash flow than real estate!

.- My question is do I do a cash out refinance or take out a HELCO (the mortgage broker I used originally advised that)?

Crunched the numbers and it seems to be a decent cash-flowing deal with good appreciation, potentially looking to partner with someone on it!

Lots of people have been sold on SFR as investments and are SHOCKED when the reality of repairs, depreciation, tenants, and negative cash flow rear their ugly heads.  

There is no trick, think of it this way: you have a principal to pay off ($175k, so you could do 175 months x $1,000) and as long as you do the outstanding balance generates interest.Your mortgage payment is PITI, you always have TI, principal you pay in your own pocket and interest is a tax write-off.But from a cash flow point of view paying one off first is better, because you save both the principal and interest portion, which comes out to about $1050.

However, we could buy cash and it would technically be easiest to BRRR. 

In other words, sufficient capital for the cash purchase of a property (plus rehab) and eventually refinancing the completed project to a long term loan.

Regardless of where you choose to purchase your STR, there could be some upfront and potential time-consuming start up processes.

Cash invested: $120,000 Sale price: $180,000 Full rehab of single family home.

But I know that finding the balance on the pro forma between the cost of the land/construction and the density of the development (which drives rents/income/cash flow) is always the challenge.