It will take (300 divided by 1.6) 187.5 months or 15.6 years for you to put away $300K from cash flowing the property (This assumes that the property is never vacant)When considering the time/cost of money, i.e. inflation, the value of the $300K from renting over 15 years is small versus having the $300K now.I would sell.

And in 99% of the properties...you can't cashflow if you go over 75% of the value of the property. 

As a quick example, if the value of something (house, stock, asset…) goes down 33%, it will have to rise 50% just to get back to where it was.

Do you have cash set aside, cause $800k with value add is just unrealistic.

For my first House Hack, I added value as I lived there so was able to get the property a little bit cheaper and start to get higher rents upon moving out.

There is an Air-force base and other aerospace companies which I believe is much of the clientele there but from my experience most people will live in the Antelope Valley or Rosamond and commute to work out there.

Owner Finance, 70k down How did you add value to the deal?

Quote from @Barrington Smith: Contractors that give free estimate in the Fort Lauderdale areaHey @Barrington Smith that’s going to be a somewhat tough task, and it comes back to basic principles of those who crush fields:-the guy who does great work often values his time a lot and won’t give a free estimate-the guy who is hurting for work often will.  

They'll add value to the deal, refinance, and repay their investors—a strategy implemented repeatedly for value-add/distressed deals.

However, I would look for properties that are not in resort areas as the resort properties will all be inflated and the owners very recalcitrant to take substantially less than their imagined value.