Was originally all in for about 22k.Cashflow was minimal - more like breaking even.But a few years in I sold the vacant lot next door to a builder for almost 60k.Used that money to pay myself back, pay off the remaining student loans for me and wife, then threw a little bit more at the mortgage in a "streamline refinance" to lower my monthly payment.Rents have increased slowly but surely in that time.

I have an immediate need for a refi on a rental in Texas and looking for referrals for a asset-based lender.Also looking for a short-term hard money lender for a home that needs minimal repairs.

The issue with the loan is that you typically are paying market price/top dollar, so any cash flow would be minimal.

I'd recommend buying quality buildings in B- plus areas which will minimize the difficulties you may face as an out of town investor.  

For $51,000 for some land, the risk for them was minimal.

@Steve BarounisLow crime is certainly up there along with minimal noise and traffic.

Great area for rentals with new Amazon Distribution center opening next summer 10 minutes away. (1500+ new jobs)Inspection came back with minimal major issues aside from the large crawl space foundation issues.

Property is turnkey or very minimal repairs.

Example: $990k 9-plex, gross rents are $7000/mo with room for growth, minimal expenses.

You buy a weekend class to learn minimal things that you can learn on this site.