My flip house got kicked to the back burner quick.

It’s attractive to me because it is big enough but less risky than Worcester- in a big city like Worcester it is essential to know the neighboordhoods- I feel that it’s not as essential to do so in Leominster- Lynn is attractive but it’s getting to be overpriced- the rents do not support the prices- there seems to be a lot of speculators in Lynn- flIppers.

I don’t use it for accounting I just have the money go into my checking account and then I do all my actual accounting in quick books.

People will screw you in a quick second and not think nothing of it.

The basement apartment pretty much always attracts the lowest quality tenant in any given area.

The additional acre added back to the property and the house fixed up the ARV is somewhere around  150 - 180k and I would probably price it to sell quickly. 

@Michael Glaspie Depends on the size and how quickly the seller can provide a rent roll, leases and financials incl bank statements.

Larger houses can be a bit more difficult as a missed item can balloon quickly into a large overage. 

Typically a negative cash flow strategy is for someone that is trying to make their money by adding value or increasingly the monthly rents very quickly.  

@Mary Mitchell thank you so much for the quick reply an info