The houses are cash flow generative so I would be able to pay down a higher than normal principal % every year. 

I’m going to initially offer $260,000 and hopefully not get ignored and cussed out haha. 

The building for sale is exactly like mine so I’m familiar with many of the standard cost (insurance, taxes, hoa, general repair cost).The seller list in his remarks that it has a 9.2% cap a couple different times.First off, the auto generated cap rate from the MLS doesn’t even list that, it lists 7.64 based off the numbers entered into the listing.As far as the numbers entered:The income ($33,060) minus expenses ($8,965) does not even equal the posted $21,000 NOI.

Multi units are by far the best investment to grow quickly and generate the maximum cash flow.

@Joel Ubiera - I have linked up with a hard money lender and paid the $3000 initial fee.

I think I would be hard pressed to generate cash flow with buy and hold, within my current financial limits.

In my initial networking leap forward here I'd like to offer up my knowledge of mold remediation, fire and water damage, carpet cleaning, and general contracting.

Any bank-financing-sized down payment would be probably impossible for us right now.For us, we'd probably keep as-is for some time due to nostalgia, using some weeks for vacation and the rest as income-generating.

We have over $100000 equity in the home and a HELOC to access it, but really no other savings.There is definitely a sellers market going on here in Washington and it’s growing.My husband and I have 2 kids and we will have to find jobs as well as housing back east, but can stay with family, initially.

Which both will generate dues.I would be happy to chat with you to discuss and brainstorm some ideas.