So, here at the 6 month check in, here are the things I've been doing since January 2024: *Anchored everything to my WHY, including the motivations and long-term strategy *Joined a local REI group hosted by my church*Researched tax lien investing in Harford County, MD and decided to not play in that space this year*Read a few REI books (Rich Dad Poor Dad, One Rental At A Time, Building Wealth One House at a Time, Wealth Without Cash, Building Real Estate Wealth in a Changing Market)*Subscribed to a bunch of good YouTube channels (BP, ORAAT, Ken McElroy, Coach Carson...)

The 1% is meant to represent a point where the rental is likely to just barely generate some positive cash-flow.

Purchase price: $35,000 Cash invested: $20,000 Sale price: $95,000 Fix and Flip, Purchased from a neighbor that bought it from an older couple that could not take care of the home or themselves anymore.

If your goal is cash flow, I would look at other MSAs.

The initial $100k negative would consume many months/years of cash flow.  

I predominately work with out of state investors looking for cash flowing rental property in our market. 

If your cash flow can't cover property expenses and/or you have difficulty keeping a tenant there for long, are you comfortable taking on the monthly payments with the car loan?

Then with the remaining cash, we have a partner who would go in on a multi-family with us.

I was intrigued by the fact that you don't need a lot of money upfront to get in.

Just be honest up front and they'll either accept it, or they won't.