The CT market has been great from a wealth building standpoint, but poor for generating predictable cash flow.

Part of it is a learning process and I have learned a lot for future deals.

He says it's in good condition, could use AC and a heater, maybe some new siding but otherwise in good condition.He has a renter there paying $1600 month to month who wants to stay but has no long term lease. 

I was asked yesterday by a good friend of mine who has got 1-2 rentals in the last year and I wanted to check with you all first.

Do you prefer flipping for a quick profit, or do you take a more long-term approach with rentals?

Purchase price: $390,000 Cash invested: $120,000 I purchased a four-plex for $390,000 where each unit was originally rented at $400 per month on a month-to-month basis.

I've been a member of BP for years! 

Our thesis is that there is a critical shortage of inexpensive but quality housing in the US.

@Christos Poneres it's a pleasure to meet you.

After investing $150,000 into a full remodel we decided to keep it as an Airbnb with 5 studio master suites with their own bathroom and kitchenette.