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. 

@Ian RadcliffeThe BreezyLand Team has been in the land business for 4+ years and does land flipping/wholesaling and minor developments to sell to home builders.We went through all the ups and downs, did mailers, text msgs, cold calling, ringless voice mails, the works - until we had enough of that cash bleeding.

I'd recommend saving up some cash so that you can launch full-time in 6-12 months

It is important to be cash heavy in real estate hence I would grab from the line and have a strong cash position if I were you.

Purchase price: $Cash invested: $Completely renovated SFH, 3/2, built in 1999, 1214 sq ft with a new roof installed in April 2024, state-of-the-art smart LG appliances, and luxury vinyl plank flooring throughout.

I like Columbus for moderate cash flow and high appreciation and Cleveland for high cash flow

In court, the history of the transaction and the histories of the participants gets called into play.

What about a cash out refi?

After 6 months, or 1 year (whatever time limit required), I take a cash out refinance (probably up to 75%) on "my" property to buyout the other owner (grandma).3.

If you ever go to sell, of it isn't cash, these are some guidelines some financiers go by.