I will have 50k equity in my condo and another 30k approximately in other "investments" (Park and pray mutual funds.)As I already have a decent amount of capital, I was hoping to get some recommendations on what you folks would do for a first time investor's money.Right now I don't think that I can realistically get positive cash flow in the Seattle area so I might have to take the "not in your own backyard approach."

As many of you know, that was a very good time to buy in FL, and now I find myself in a good position to make a move.

I've normally already had the title search done, so I am in a fairly protected position even without the insurance.

Im glad to see someone here is positive about L/O's.

Is it cash-flow positive??

My goal is positive cash flow.

But, (big big but) if all I'm ever doing is breaking even I'm only generating equity, but not positive monthly cash flow.

It's not until I put down $182k do I get a whopping positive $7 per month.

Kind of to "all cash"'s point, it would be "easy" to get this to positive cash flow, but you are not taking into account the "lost opportunity" to make money from the equity!

They are very well positioned, but I think he's waiting for someone else to pull the trigger.