The more equity you have when you are ready to retire, the more cashflow it will turn into.So you can optimize for two things: higher priced properties with a bigger potential to appreciate (find the sweet spot, don't go too high) and harness more tenants with higher income to pay higher rents (= higher monthly paydown).When you start thinking this way, you quickly realize that today's cashflow is not that important as long term equity.

Multifamily real estate investments, such as duplexes, triplexes, or fourplexes, have the potential to increase total cash flow as they may produce several sources of rental revenue from a single asset.

However, it would provide us with the necessary funds for the repairs and potentially a down payment on another property.

We screen applicants getting money from nonprofits thoroughly - there's a reason they can't afford to pay on their own!

Don’t JUST use AirDNA’s “Rentalizer” tool to analyze a property’s income potential.

Ideally, it's best to have reserves before acquiring a property as it shows financial responsibility to potential lenders.

I went to all of the owners and was clear and honest with them about their current returns, expenses, ROI and potential future returns, every single one of them transitioned out of that investment class.

But sounds like you have more due diligence to potentially do.

The owner financed position is a potentially zero interest loan that should be considered.Another quick note: consider leasing his land with an option agreement as well.

Based on current rent not potential rent max price should be 900k to be able to cash flow property.