I initially offered $200K in cash, but the seller countered at $240K.

Moving there initially since low down then ideally want to rent some rooms to cover mortgage!

My career has been centered around helping businesses scale through strategic sales initiatives, but I’m now channeling that same drive into real estate investing to build long-term wealth.My wife and I are in our early 40s, both work full-time, and are raising four amazing kids.

You will likely have negative initial cash flow reducing this return, but typically the negative cash flow is short lived. 

For example, the estimated cash flow RTR shows is usually higher than what I calculate.How about the initial investment?

@Abel Curiel, When I first drove by this property in my initial search it caught my eye...out of the 100 or so properties i had on my initial list this is the only one that I had memorized the address of. 

@Richard Herro Jr.It's great that you're taking the initiative to learn and connect with other investors!

the value added versus cost to add, especially in single family zoned areas, typically results in a large negative initial position.  

This creates a negative initial position.

My initial investment there started off a bit rocky.