Share your thoughts, experiences, or even strategies in the comments section below; then let's get this conversation rolling and make a lot of cash registers ring too!

While there are many advantages like low property taxes, landlord friendly, strong appreciation it's not going to be as cheap as the Midwest and have the cash flow with 25% down.

They also like cash buyers, an easy way to move properties.

@Kyle Smith- do you have the cash to be able to do this ?   

I don't have much cash and my credit is not the best.

@Phillip Rosin - Based on the info you provided, I recommend that you start with a Fix to Rent short term loan to purchase the property and rehab it, followed by a cash out refinance into our DSCR loan.

If your late fee is 5% you're earning a 60% or higher annualized rate of return on their late rent payment.

My wife and I have made several offers on multifamily houses recently but keep being beaten out by (lower) cash offers.

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

Purchase price: $198,900 Cash invested: $36,000 Primary home till we flipped it to an STR after purchasing a new primary.