It's totally doable and worth it. 

Hello BP, looking for some perspective/opinion on which route to take with $50K cash with the goal of long term buy and hold: Pay cash for a BRRR - $50K Purchase (finance) two $100K properties - $50K down payment (in total)For simplicity, assume my numbers/deal are spot on and the cash flow in both scenarios is the same.Pros of 1 BRR – Left out the R for repeat...as I would hold on to the property - No loan, one property (with same cash flow) – slightly less maintenance as only one set of mechanicalsPros of 2 financed properties – Leverage, mortgage paydown by tenant, more potential appreciation (2 vs 1 property)Cons of 1 BRRR – less rehabbed (just rent ready) vs 2 financed TURNKEY propertiesCons of 2 financed properties – lower cash flow per door, paying additional (taxes, insurance)thoughts?  

@Jason Smith it sounds as if you own multiple rentals with a TOTAL of $200k equity - not just one correct?

I'm working with a client based out of Indianapolis that is interested in the Las Vegas market for obvious reasons. 

Here are how the basic deal looks: Home Depot $ 16,000.00 Credit Card $ 12,000.00 Purchase $ 57,000.00 Rehab Labor $ 22,000.00 Contractor Fee $ 5,000.00 Carry Costs $ 5,200.00 Refi Closing Costs $ 2,000.00 Total $ 119,200.00   The house got appraised at $140K so the bank lent me $105.

Also, because the sloped end of the tub is at the end allowing access, there is very little space for a person to enter the tub and step on the level surface.The obvious solution is to reverse the direction of the tub, putting the sloped end toward the far wall and the plumbing at the open end.

Obviously do your due diligence to make sure you’re not buying a bad deal but any route you go there will be things you did right and a bunch you do wrong but you will learn and you will do better on the next deal and the next....... one Great way to consider is a House Hack..... you need/ want a primary residence anyways so consider duplex, Tri, or Quad.... you have the down payment funds and it could or should cash flow too..... get you a place to live, experience as a land lord, cashflow, and the possibility to buy right and refi later to pull out equity......  

It is hard for me to comprehend why she thought she could do this.Yes, totally non-repentant.

There are decades of societal brainwashing in your personal past telling you that you, in your "family future," need to live in "your space" that "inspires" you, a house that you "feel good coming home to" that is obviously going to be at "a different price point." 

Many of us obviously have LLC's and buy in the name of the LLC.