I have been offered an exclusive Deal by a local "friend"/ semi-mentor in my small town.  8 standard 2/1 apartments -  Quad, duplex, duplex, 1970 Dated buildings, little neglected but liveableOwner finance: 20yr 6%rate with 20k down------------------------------------------------Total purchase 400KCurrent NOI: 41k     Cap: 10         (Tax,Ins,Maint, Util)Gross rent 4500/mth-----------------------------------------------Upgrade, Est repairs: 60k After reno: NOI: 59K   Gross rent: 6100------------------------------------------------Loan pmt: 2865/mth,    34k/yrCurrent Cash flow: 531/mth,  6,378/yrAfter reno Cash Flow: 2131/mth,  25,578/Yr-------------------------------------------------Added info- -Property line Joins with (growing) Community college-Tiny town-The Buildings are Currently "uglyish".- Current Rent is 150$- $200 behind market avg.I am very comfortable in single family homes in this town (own 18 SFH rented and performing well).

I am considering two options for purchasing a A+++ SFR cash, Option 1 to place in a self directed IRA and let the IRA own the property and Option 2 is to buy in cash upfront and pay the taxes owed.I am 62 years old and have another five to seven years prior to retirement and so I am trying to set up my portfolio for income generation by that time.

I probably should've made this post prior to purchasing but as they say, the next best time to plant a tree is today.

Hi All, I am looking at purchasing my first STR in Skagit County WA, just north of Seattle.

My goal is to at least have positive cash flow while I build equity in the investment property.Has anyone successfully purchased a buy & hold with this strategy?

Baltimore was undertaking a renewal and I purchased a bldg. near downtown on the west side.

Purchase price: $402,800 Cash invested: $148,673 Sale price: $590,000 Our 1st rehab flip!

My thoughts are to purchase a duplex in Cleveland or somewhere in Ohio.

They told us the price of the renovations would be included in the purchase of the home and we were nieve enoough to believe them.

Purchase price: $65,000 This property was a classic grandma home that needed some TLC to bring it up to modern standards.