Thank you very much for your responses.So you think if at least the family member can pay for my expenses then it’s worth to keep it even if I don’t have cash flow?

If there are any disputes or outstanding payments to the OG Contractor, your replacement contractor will not get paid anything until the dispute(s) is resolved.You should really hire a Certified 203k Contractor. 

Make sure you use a company to process the payments this usually costs about 5 bucks a month in my area. 

It still made sense to purchase but unfortunately my investors got nervous at the last minute since we were in the midst of a pandemic and the stock market was doing funky things, so they pulled their cash to purchase it and all my cash was tied up elsewhere, so I had to move forward with the quad and 9 unit. 

If you google "mortgage payment calculator" most will allow you to see what happens if you do extra payments.

Market Selection Criteria: To choose the right market, consider factors such as:Economic Growth: Look for markets with strong job growth, a diverse economy, and increasing population.Rental Demand: Identify areas with high demand for rentals, which can be indicated by low vacancy rates and high rent-to-price ratios.Affordability: Ensure the market offers properties within your budget that also meet your cash flow and appreciation goals.Property Management Quality: Verify that there are reliable property management companies in the area to handle day-to-day operations, especially if you are investing from a distance.Comparative Market Analysis: Perform a comparative market analysis to compare potential markets.

Say goodbye to having to collect cash or checks for rent from your tenants.

HVAC), and have cash on hand for funding future investment properties.

Purchase price: $140,000 Cash invested: $50,000 Sale price: $265,0002800 sf single family home.

It has been a great rental with a fixed conventional mortgage rate, generating cash flow from day 1 and already gaining equity due to the increased value.