I like that it's turn-key, cash-flowing, and I will not have to deal with tenants.

Hey Mayuresh, Cleveland is definitely a great spot for targeting cash flow.

I know you need cash to bid.

You will need cash for your earnest money when you make your offer.

Quote from @Patrick Padovano: Since your father is helping you build, I assume you can build the home cheaper than if you hired an outsider, which means it may cash flow nicely. 

I acquired my first investment property a few months ago and renovated the units as well as rented them out and its cash flowing well. 

However, if it’s only one or two months, I’d highly recommend offering cash for keys just to get the tenant out. 

Purchase price: $98,000 Cash invested: $31,000 Sale price: $166,000 We acquired 1212 Ridgmont from a wholesaler, and it turned out to be a straightforward rehab project.

I specialize in bridging the gap between national & international investors and builders...basically, providing a turn-key process for identifying, purchasing, & managing cash-flowing properties.

I'm interested in purchasing raw land (or close to raw) to scale up as cash flow permits.