Purchase price: $250,000 Cash invested: $5,000 This was a property my wife and I purchased to live in while fixing it up with the idea of renting it out.

And here is what I have closed for him in the first 120 days.1. fix and flip  he put up 10k I always require the first two deals to have 10k into them then i fund 100% of everything after that. 

Clean the place up and move on.It's highly unlikely he would ever come back to you when he has child p*rn charges on his record.

Market in a MinuteEast Tennessee home sales declined 18.9% from the previous month, and decreased 9% from a year ago.The median sale price was $375,000 — up 7.58% from the previous year.Total housing inventory increased from the previous year – up 41% from a year ago.

They approved a tenant in Dec. 2023, with 4 prior evictions (latest being in 2018), and some other misdemeanors, and the PM ended up evicting them in early July.

One was an elderly couple, the other was a single man with a decent job, just not enough to keep up with bills. 

Seemed shortsighted to evict them based on that dog and I knew they wouldn't give it up, so I knew then that we would probably lose the lawn.

Good Point Don, but If I sit on the side lines and try to learn everything before jumping in, I might end up on the side lines forever. 

Here is what I learned:A great deal spread will trump any expensive lending termsYou need to be liquid, a lot more than you thinkGetting the exit you want will depend on the finishes in the house because all those ARVs you looked up had very nice finishes I'm sure. 

This is how I use good debt to scale up and bring more cash flow in.