So long as there are constant sales of renovated properties in your market, this will be accurate.If you take another look at this, you can see after I enter the query I get back the ARV, ACV (As-is Cash Value), and all the comps from high to low: You can tell the highest comps are close to $2M with $700-850/sf, the lowest are $1.3M at $500-600/sf.

If you're utilizing the house hack and low downpayment, I wouldn't think you'd have any issue hitting that target for a Cash on Cash or IRR.

Plenty of cash sales over the past several years.#2 Keeping your current home as a rental in $1million neighborhood probably makes no sense even if you have super low interest rate. 

Cash invested: $508,212Construction Loan Project CompleteWhat made you interested in investing in this type of deal?

Purchase price: $210,000 Cash invested: $21,000 2/2 condo, in a 314-unit complex. 1.7 miles from the beach, great location.

I will recover this cost of new heating equipment in 2 years through the savings of what I paid this year for heating oil.

Personally, I would have the tenant direct deposit the funds straight into your bank account so neither of you are paying fees.I recommend two accounts: checking and savings.

There are some that manage to find the money and the deals quickly when the market is just right (and they have plenty of cash), but most success is built slowly, over time.Increase earnings, reduce expenses, save up, invest.

You would need to use all of the cash down payment and purchase at least as much as the sales price of the old property. 

Now if you paying all cash or using a hard money loan that different.