This cash can be used for immediate needs or future growth of your portfolio.Reinvesting Strategically: The available cash can now be used strategically whether that be upgrading one of your existing properties or purchasing a new property.

Purchase price: $38,000 Cash invested: $48,000 Single family, Home in an older established neighborhood needing complete updating.

Purchase price: $505,000 Cash invested: $55,000 Sold our first condo and used the equity as down payment and for a couple upgrades on this this single family primary residence / house hack.

Let me know if you want more detailed information or have specific questions!

Purchase price: $36,000 Cash invested: $50,000 Sale price: $275,000 Bought a house, fully intending on living there.

Lean on your title company and lender for more specifics on this since it is such a state specific answer.Well, if that city is in another state they might have different rates.  

Make them sign the lease or a Holding Agreement immediately with payment of the deposit, and make sure it is clear that they will forfeit funds if they do not start renting on a specific date.

I am in north Jersey and just purchased a 2 family.

Purchase price: $750,000 Currently operating as a 9 unit mobile home park with single family home

I inherited the lease at purchase.