Thanks to COVID, for a couple of years, you can actually make enough money to be cash flow positive even if you hire a property manager AND have mortgage payments. 

Purchase price: $932,500 Cash invested: $450,000 20-unit building converting from LTR to fully furnished MTR/STR.

Here’s why Oklahoma might be a great market for you:Affordability: Properties in OKC and Tulsa are often under $200K and offer strong rent-to-price ratios.Landlord-Friendly: Simple tenant laws make managing rentals easier.Growing Economy: Job growth in energy, tech, and aerospace fuels rental demand.How to Evaluate Deals:Run the Numbers: Ensure positive cash flow, check cap rates (6–10%), and use tools like the BiggerPockets calculators.Find Deals: Network with local wholesalers or agents, and look for value-add opportunities in stable neighborhoods like Edmond (OKC) or Broken Arrow (Tulsa).Let me know if you’d like tips on analyzing properties or finding deals!

Purchase price: $115 Cash invested: $17,000 This is my first fix and flip.

.- Do you have 200-250k cash, or is that what you can get with your loan amount?

You will NEVER cash flow while living there but have a chance of cash flowing when you move out.

Thanks in advance for your input and knowledge.

Are you considering doing all cash, or do you want to finance? 

What's the point of getting cash flow if you lose all your capital?

You do have to purchase at least as much real estate as your net sale if you want to defer all tax.TICS are generally cash deals.