Each new flip buys you another ash flow property...you become your own bank.9 - Flip until the cash flow is enough to not need more cash flow10 - Stop flipping, and now keep the original profit (plus the grown expanded seed money)...never having spent any of you own money...ever. 

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

legal conforming 2 family house

Now that that's done I'd like to expand my network and knowledge of this market.

Generally speaking I prefer buying and expanding rather than ground up development. 

I also read that when calculating my live-in cash flow, it is sometimes not bad to come up negative if this value is still lower than what one would be paying in rent elsewhere.Please do correct me if my thinking is wrong or too narrow-sighted.To expand on the topic, knowing that cash flow may be small or negative when house hacking, is there a tolerable minimum Cap rate before I should be seeing a red flag on a property?

Once you get established you can cherry pick your deals to expand into fix and flips, then keep some of the multi-units for long term wealth.

The main strategy is to hold these properties and bring on other investors to expand the scope of the buying area.Thanks,Greg

.- Check for corner tears on screens- Monitor doorways for expanding corner cracks indicating accelerated/new settling.- Repeating @George W.'

If costs were lower and there was land to build, then that might be a different story (because of supply vs. demand).Look at jobs/unemployment numbers:  Major companies are coming in and expanding (such as Google, Netflix, etc.). 

Trying to tell a judge that carpet should last forever would be unreasonable.One other thing to consider is that carpet can wear very quickly, especially some of the newer low cost fiber types.