The most important rule is to have the cash flow of the new property be able to pay all its expenses, mortgage, AND the line of credit back.

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential! 

You are missing my point on taxes.Scenario 1:  Your partner buys the house at the same time you put your cash in.  

I'm making a healthy downpayment cash by doing a cash out refinance on three of my established properties that I know can cover the debt service handily.

Cash offers would net you less.  

Obviously cash flow would be wonderful, but not necessarily needed.

Is this a Rehab deal or a cash flowing property?

If you have cash, you could pay off the underlying loan2.

They had exhibited the desire to pay down debt and had cashed out the parks before us that had agreed to owner finance.

My mortgage will be $2,005/month, and I’m budgeting up to $600/month for utilities, leaving a potential monthly cash flow of $995.I also set up an LLC and a business account to track rental income and expenses.Questions:Do you have any advice for me as a young real estate investor?