Our current rental was purchased for roughly $340k 7 years ago and is worth in the mid $500’s now and is paid off, and our primary was purchased for $430k 4 years ago and valued low to mid $600s and we owe $180k.Option1 we are considering are a fix and flip to provide cash for a down payment for a long term rental to allow the rent to cover the mortgage and at least break even.

Hi all,A long time ago Brandon Turner (@BeardyBeandon) mentioned his minimum criteria for investing was: * $100/mo/door cash flow* 10% CoC annual return I’ve used that as a guide since I heard that… thank you Brand Turner! 

Cash offer, quick closing! 

It would also lessen my out--of-pocket on either hard money costs or cash I spend, so I'd have more to work with to acquire more properties.

I am looking to cash out, so i would like to know if i should be adding more money into the rentals such as painting/roof upgrades?

Only exception is "blood or flood" emergencies (everything is an emergency to a tenant).3) whatever your tax professional recommends.4) Any way but NOT picking rent up or accepting cash - unless tenant direct deposits to your bank account.5) You'll want to improve your lease over time as you deal with tenant issues.

But I also think the real gains in real estate are not in cash flow but in long-term appreciation.

or can I already start ASAP even without big chunk of cash in the bank? 

Purchase price: $155,400 Cash invested: $40,000 Property is located in Cuyler-Brownsville an historic district within walking distance of popular Metropolitan District of Savannah GA.I purchased the property to get started in the real estate space, however I value the walkability of the property, its proximity to parks and nightlife.Although the area is a rated roughly as a “C class” neighborhood.

I cash flow about 7k a month after expenses.