Because I will need that to pay for materials for renovations and have started to apply for those 12 month 0% apr cards...(5) If you get a decent fixed rate 5.9-6.2 for 30 yr fixed, do you still try to slam every nickle into the mortgage or should you be content with being able to cover the mortgage and/or make slightly positive cash flow, and instead of pre-paying the mortgage, save your money for a new investment?

Only time will tell whether it was wise to purchase a Condotel Suite for this kind of entry level price, however simple mathmatics and common sense dictates in the positive with increased optimism about profits from condotel operations -- where buyers rent their units for a share of the rental revenue.

Based on what you're saying you're limitations are, I don't know how much trust I would put in the internet......I like the idea of being able to put a thumb on someone responsible for positive results.

it's hard, in any area of the country to buy at market and see any type of positive cash flow.

A double closing does not affect the buyers lender's position in any way.

In my limited research I have found that investing outside of California is one of the few ways to find properties that are positive in cash flow.

When we get our next tenants and raise rent, we will have positive cash flow.Although we knew a little, we didn't know a lot, going in, but i think we will do okay.

In the meantime, a quit claim deed, even from a distant relative, gives you a more defensible position -if another heir makes a claim, or if anyone accuses you of trespass. 

There was a girl who puchased a house in NC for $30K, and appraised at $70K , and Rent is $800 , positive cash flow.

Then he discovered his friend's only reason for wanting the position: To tell the ho's to paint their houses and keep their yards fresh and spotless and fine them when they weren't up to HIS standard.