If I am reading between the lines, your failure is lack of cash flow right now?

Until then, my initial plan was to try and grow my capital (20k from a car flipping business) and get experience now so I can later focus more on cash flow down the line. 

I am a first time out of state investor interested in buy my first rental property in Detroit that can cash flow after fixing and gain equity.

The car expense ate up most of his cash flow.  

Around here, you'd probably usually cash flow better with a duplex-- but do the math for these particular deals and buy the property that will make you the most money.

The house with squatters may need a whole lot of cash infusion.

The problem with rentals is not enough cash flow initially.

A 24-month loan would be preferred so you can build up the last 12 months of cash flow for the property. 

After that, I do another cash-out refinance on the $120,000 property at 80% LTV to get $96,000 in cash.

Here's the post minus her contact info and exact address:I'm telling mine pretty rough shape mobile homes I feel about my dress this would be worth almost 200,000 not too long from now so good because I need to live in it for 15 more years until I die whichever comes first I think 35 in cash and you can take it over when I die or 15 years first or I'll accept 10,000 cash down and a few hundred a month until you ready to take it over at that time of my death or whatever then you would be giving that payment to my children until the contractor satisfied serious requires only please  or you can email me let me know if you want to come look at it whatever money I get at the beginning and their household it's going to go into fixing the place up by the time I die I hope it's quite nice extremely life actually before the viral to be able to actually move into it themselves it'd be a hold of my place by the time I can do any more to it hopefully waterwood drive Gainesville Georgia 30506 I'm ready to do it ASAPMy first reply:Cute area, actually owned by poster, and almost a half-acre with the small 684-foot trailer.