Many investors from California are choosing to invest in the Midwest because of the low barrier to entry and yearly cash returns making more sense in these lower priced markets.

That will get mortgaged in the next 30-60 days, freeing up $300k.TIA-Chuck

I get the feeling immediate cash flow might be challenging, but creative value-add could unlock long-term appreciation and cash flow potential.

Tommy,Check out PropWire - https://propwire.com/searchIt's a free data source and you can pull a list of vacant lots by zip code, county, city, etc.

Louis , feel free to shoot me a PM and I’ll try to answer as many questions you have.

I personally like it when there is a IRS lien scares the uninformed away and much less competition .. it also keeps those that MUST get a HML to pay off the cash they invested as quick as possible..

For my first property, is it A: better to pay cash and see how it cash flows or always use loans and save money for down payment and other investments?

If the house is a junker and the seller needs a quick close then I can see where a cash buyer makes the most sense.

Turnover, in theory, should be cheaper as well.The current rental cash flows ~$400/mo.

Feel free to shoot me a message and we'll talk through your situation.