If you belong to one of these regions, you will gain the windfall.But that's not all – rents in MHCs are going through the roof too.

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

The judge won't care what the agreement was, you broke the law and now the judge is going to award the tenant 3 times the monthly rent to the tenant and order you to give back that money.You need to tell any applicant that offers this that they must complete your application and go through all back ground checks.

As a realtor, I've guided many clients through their first property investments and I'm always eager to learn more from experienced investors.

My primary question is: Should I focus on buying a multifamily property and growing slowly to build a stable financial foundation, even though my area would have minimal cash flow and be more of an appreciation play?

YES, you can still achieve cash flows of 7% to 10% in the single-family residential (SFR) sector.If you want to learn more about these opportunities, don't hesitate to reach out.

Cash flow can be difficult to achieve, but appreciation has been pretty great for about a decade.Hope this helps a little, reach out if I can provide more info.Best of luck!

It’s rare that a turnkey home would give you cash flow, so more likely you would buy something that needs a little work and is priced accordingly so that your loan amount is lower. 

Otherwise if buyer fails to pay, seller has to incur legal expenses either to take back their ownership through deed or to assert a claim against buyers other assets (if there are any). 

. - Lastly, if you are looking at real estate as a long term buy and hold strategy, you have to look beyond just cash flow.