Personally I think I would enjoy living off the cash flow and let a PM run the properties but I'm not going to give him ideas.

Compared to the Bay area, Sacramento is more affordable and you can start to have minimal positive cash flow from the 1st year.

Instead of just wholesaling, clean it up and maybe make it livable, sell for more than just a wholesale fee.

It is about building relationships and networking.I get why people will say invest in your own backyard but that is NOT the only way, investing where you live does not guarantee success, you can still buy bad deals that don't cash flow or won't appreciate right where you live!

You'll PITI will go up but you still need to cash flow to make it beneficial for you.2) you can do a DSCR loan which will cover down-payment and rehab cost.

There is no prepayment penalty so they can pay as much as they want as fast as they want but the goal is to be comfortable while the Florida property cash flows.

Everyone has different cash flow goals.

@Nicholas L. it does sound like alot but our logic is this simple buy properties with as many tenants as possible so if you lose one or 2 its not a major loss to the over all cash flow. and the house flipping is just for lumps of cash and something to be active in while the multi tenant units properties are cashflowing.

so, what I want to do is to create passive income with cash flowing properties.

If you're just trying to buy investment property doors as fast as possible without a liquid cash position you might want to try to focus on value-add to create some cash flow or BRRR opportunity for your next deal.