Purchase price: $194,500 Cash invested: $51,000 When we talk about long term rentals the goal is to buy something that people are going to live in 3-5 years with the ability to raise rent over time ahead of insurance, taxes and inflation.

With this strategy, you can expect to live for free and make $500-$1000 per month cash flow.

Is there any potential for doing a cash-out refinance on the duplex and using those funds for the purpose of buying the property you want? 

Cheap fix and makes the house so much more comfy year round -> lower turn over rate, and an average turn over costs us about 5k, so well worth to invest in your tenant's comfort.

Please correct me if im wrong.That said it seems the airbnb short term rental business is doing okay (some cash flow?).

As they say, your network will be your net-worth.7.

So if I place the highest bid at an auction and they have said yes, you have won, then do I directly go to pay for this deal in all cash?

(don't do it.. it's not worth it)Excuses for not paying rent on time?

Purchase price: $63,750 Cash invested: $13,000 This was my VERY FIRST deal.

Purchase price: $350,000 Cash invested: $16,000 Sale price: $392,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Glenn Klingensmith, successfully completed a fix-and-flip on Finsbury Drive, Spring Hill, FL.