Late to the thread I know.My favorite cashflow strategy is a performing real estate note.

Norfolk is my favorite city.

Here are some books and podcasts that I always refer people to- Here are some of my favorite podcasts to listen to-The Best Ever PodcastThe Michael Blank PodcastMultifamily TakeoffThe Multifamily Wealth PodcastThe Real Estate Syndication ShowThe Real Estate Monopoly PodcastHere are some of my favorite books: The Best Ever Real Estate Syndication Book by Joe FairlessThe ABCs of REI by Ken McElroy 

It reminds me of a fan favorite feature here on BP, called the "You're Dead-2-Me" switch, which I will make delightful utilization of here in a moment. 

A C class older property in a B neighborhood is my favorite. 

Reading is actually one of my favorite parts of my learning process.

Where are your favorite places to look for commercial investment properties?

Two common metrics to evaluate long term rentals are the cap rate formula (capitalization rate) and cash on cash returns.Stated in math terms:Cap Rate = Net Operating Income / Total Property CostCash on Cash return = Net Cash Flow / Cash InvestedBased on Eriks numbers and your cost mentioned, you're looking at a 5.5% cap rate and a cash on cash return of 11.2% per year.Keep in mind that Cash on Cash figures are risky to rely on because of the potential for changes in the cost of leverage later in the life of the investment.My favorite way to think of annual rates of return in real estate is to take the cap rate + appreciation rate (stay conservative here) - cost of leverage.For example, a property with a cap rate of 10% with 5% annual appreciation and a mortgage with 3% will essentially yield 12% over the long term.

One of our favorites is:‘What do you bring to the job that no one else can, what is your superpower?’

I have sold homes west of Lewiston/Auburn as well such as Oxford, Bridgton (one of my favorite towns in Maine) etc.