@Saurabh Kukreja, I've never just invested in parking spots, but it seems like more of a cash flow opportunity than anything else.

If you can cover the higher mortgage payment and the leverage is worth the upside of getting another house, it seems reasonable!

There is $15 MILLION of equity there – meaning of course that the project is worth (apartments and surrounding land) $15 million more than what we owe to ALL banks and investors involved in the project.

I am not after cash flow right now.

Normally plenty of bidders there with plenty of cash if it is a decent property. 

You have to manage capex.If you're going to find that an issue, your sell side is usually strong in cash reserves or has scale at such a level that this is already accounted for.

I’m often asked by new investor hopefuls how to get started in real estate when cash is light.

It really isn't worth it, and the long-term result speak for themselves.

In other words, sufficient capital for the cash purchase of a property (plus rehab) and eventually refinancing the completed project to a long term loan.

If you find some of these, share the cash flow from the property, you can be in the deals $0, personally.