Prior to leveraging, we would model the condos to see if the new debt would result in positive or negative cash flow for the condo. 

Whether this is a single family or duplex/multi-unit will depend on how much cash you have, how much work you want to do, how capable you are, etc.

Paid cash for it.  

It’s crucial to ensure that your cash reserves can cover not only the mortgage but also unexpected expenses during the remodel.The 30% housing rule is a helpful guideline to avoid overextending yourself, and ideally, you should be comfortable with your monthly housing costs even without rental income.

While I don't want to get myself into a negative cash flow situation- appreciation is the bigger deal for us. 

Purchase price: $720,000 Cash invested: $60,000 Househack/BRRRRR.Taking advantage of low 5% down Owner occupied conventional loan, then fixing up the units 1 or 2 at a time, raising the rents, and then refinancing to lower the monthly payment and increase cashflow. 1 full gut unit and others were more cosmetic turnovers.

Purchase price: $150,000 Cash invested: $90,000 Full remodeled What made you interested in investing in this type of deal?

Flat Fee MLS Brokers for sellers have been around for a long time, but Flat Fee Broker/Agents for buyers with a cash credit/rebate of the buyer agent commission are quite new and just starting to get some market share.

Down payment amount varies and more you put down the highre you will be in the queue of applicants, also down payment varies per your credit...Dodd Frank IS in play!!

Also, just a thought, if you're ever considering expanding your search, Oklahoma is another great market for Section 8 rentals that can cash flow well.