I’m ready to fly out there myself…and stand in front of her office until she cuts me a check…at this point with what she owes me it will be worth it. 

I want guaranteed monthly rents because when I purchase my main focus is cash flow, then equity in the form of added value (renovations, adding extra bedroom, etc).

Otherwise, it may be worth losing the security deposit if the house is in really bad condition. 

After negotiating price down, with current rents, I will break even on cash flow after year one.

Purchase price: $112,000 Cash invested: $30,000 Primary residence turned rental

Purchase price: $583,000 Cash invested: $35,000 Denver STR airbnb.com/h/cute-denver-5bd

Purchase price: $120,000 Cash invested: $1,111 Sale price: $210,000 Contributors: Peter Vekselman Partner Driven, in collaboration with our partner Antonio, successfully completed a deal on S Homan Ave, Chicago, IL.

We also have no seasoning products that would allow you to pull some cash out if that made sense for you. 

Would be worth it for you to think about your set up now while you’re starting out to determine which path makes most sense to you, one account or multiples as I’m sure you’ll end up with more than one property down the road.

Also, There may be times when you must pony up some additional cash to keep your business operating.