Purchase price: $620,000 Cash invested: $20,000 Sale price: $727,000 Source: Cold CallPurchase: Off market with owner financing.Price: $620,000.

Most likely if you rent it, it will not cash flow to cover the mortgage so you could still be losing money every month.IT would be good to compare what options is better for you. 

This allows you to put down less upfront, freeing up cash flow to improve the property.

As a hard money lender, I specialize in providing fast and flexible financing solutions tailored for investors like you, especially when you’re looking to move quickly on a promising deal.Whether you're interested in fix-and-flip projects, rental property acquisitions, or other investment opportunities, I can help you secure the funds you need without the lengthy approval processes typical of traditional loans.

Go to local meet-ups, make friends with people who buy houses with cash, and look at lots of houses.

Our plan is to raise the rent to the market rent for the next 2 years, and then cash out refi, and keep the property for the generational wealth! 

Whatever you may want to do investment wise, There are plenty of ways to get in touch with service providers of every need, all quick and efficient.If you'd like concrete information regarding our market, more insight, and personal opinion, just give me a shout via reply!

In my head I'd want to buy a property cash or creative terms with a private money partner for the home and maybe a 2nd partner for the furnishing and start-up funding.

And I certainly didn't "cash flow", as rents were in the $18,000-20,000 range for the first few years.  

How much detail on what you'd like to do with the land do you provide up front?