Account Closed- thanks - many investors have other jobs ..if starting out ..unless you have  endless cash / capital to live on - consider working a job and once you have gotten 1 or 2 investement under your belt - consider leaving the job ....good luck

Also any STR locations that are viable options fron cash flow perspective and friendly regulations?  

-Calculate your own cash-on-cash-Contingency 14-day inspection

Just provide a cushion for the inevitable "rookie" tax that will hit.  

We have a Weber and we provide propane and use for our guests.

. $425k) to purchase a 12-unit Apartment ($1.5M) with 25% down ($375k from the HELOC).The remaining $50k from the HELOC could go into fixing/rehab of the 12-units.Then cash-refinance the larger amount from the 12-units to pay off the HELOC in one lump-sum (as much as possible), then using the cash flow from the apartment to pay off the rest of the HELOC.Repeat the process with a new apartment.1) Does this make sense?

Please provide feedback on this as I paid to be a Pro Member to have valid data available.Thank you in advance for your prompt reply,  Donna

I would like to know what is possible with that amount of cash… second question is… Is it a good idea to make an investment like this that is far from where I live… ex.

I've done my analysis and found a deal that I really like, that has seller financing that balloons in approx 2 years.....cash flow is pretty attractive, but the down payment is around $300k, and I was looking to put down a little more than half of that.

Also, There may be times when you must pony up some additional cash to keep your business operating.