You will be negative cash-flow of $12,000 on an annual basis which has a negative cash on cash return.

Are you cash flowing the property?

I'd strongly prefer to have a cash-less payment mechanism though, ideally a phone or a card that you can add funds to with a credit card or phone, so that tenants aren't forced to use coins or cash bills.

In order to secure our FHA loan, we opted for a strategy known as "cash for keys," where we incentivized one set of tenants to vacate.

My aim is to preserve cash and minimize the down payment as much as possible. 

I want to get the most cash flow possible to quit my 9-5

Hi Chris,You most likely would end up having to use a DSCR cash out.

@Gabriella NataldieTo make a strong financial future, think about getting more cash through side jobs or freelance work, cut down costs by making a budget, and use your saved money smartly.

Save your cash...

My Idea is to start with fix and flips to make some “quick” profits and then use that profit to get into more long-term, cash flowing investments.