It sounds like an ideal moment to either plow some more money into savings or seek private funding.Perhaps if you find a modest flip you can infuse cash into your system in a hurry and build your network at the same time?

Start investing in cash flowing properties, like duplexes, triplexes and quadplexes.Thanks,Dustin

I mean if you have 10 lots, you could sell 3 to recoup some cash, you could partner on 3 to get your credibility, and you could build the last 3 yourself.If you can get me the following I can get you a better idea of what you are looking at, you can also email me if you don't want your info shared on the forum.

@Andrew JaquezI think what you're missing is... there will be lots of other expenses, and there is a 0% chance you will cash flow that much.It sounds like you've been going there in person to look at properties - is that right?  

Would it make sense to save up money to buy something cash, finance, wait for market to cool down, etc.

My point being what is so much is dependent on the age of the homes, what they are worth on the open at a fire sale discount and what are they worth to you? 

If the rental unit has too little cash flow, the quality of the home will obviously decline. 

I got a 6.25% rate, and even before refinancing I am now cash flowing 1K/month because of the STR.  

All other assumptions look good to me, but I must admit the cash flow per month wouldn't meet my criteria for the investment - it's lower for my returns.

I'm not sure whether this is a deal that's worth it, or even how to think about the benefit of a property that will not cash flow for 15-20 years.