Is this a correct way of thinking, or should I buy anything that produces cashflow each month?

Is this a correct way of thinking, or should I buy anything that produces cashflow each month?

Look for one with a great track record of producing and ideally a short term to full payout so that you can pivot as you learn. 

@Mitch Staelens Congratulations on your first step towards your income-producing assets. 

Precise and organized work areas usually produce precise and organized work. 

Of course, my intention is not for that to happen and turn it into a good income producing property as soon as I can, but if I went with a hard money lender that would leave me with terrible terms if I didnt manage to turn it around very quickly.

For me this is a semi-regular meeting and it has produced some good understanding with the city permit office. 

Due to COVID, there are temporary flexibilities in place that allow for an exterior-only inspection in certain circumstances, and when the appraiser has enough information available to produce a credible appraisal report. 

Even with all the technology out there along with internet leads you as a seller can get from FB, Zillow, Realtor.com, and others you will be hard pressed to obtain a full sale as a FSBO.If you move forward with the FSBO listing, N.A.R. did go on to say that 88% (basically 9/10) of buyers utilized an agent to help purchase the home, which puts you into a position that you'll need to agree to producing commission for the buyers agent that is bringing that buyer to you to purchase your home.

Is there a high producer in your office who needs help so you can grab some Open Houses?