I will own a  rental property that cash flows $200 per month by EOY 2019.

Are we limited to 2 owner financed properties per year? 

He is not able to close on the 30th like as per the contract.  

Cash flow maybe 125-200 per.

The back-up plan is to simply flip the property and take the cash out now for the next project.The Project (2 unit Multi-Family):Acquisition/rehabLand Acquisition:     275k (I'd use my cash to buy)Hard Money Loan:  100k (I might use my home equity line at 4% APR over 20)ARV:                           465k (This is my best assumption based on other comps)Refinance:                348,650Cash out:                  26,250Income:Rent:                         1800x2 (This is conservative)Capex/Maint.          300x2Expenses:                400 (water/trash/electric/sewage/insurance)Using these numbers the property looks like it generates a COC return of about 30% per anum (on the 26k outstanding).

Maybe you'll get lucky and find something.Disclaimer: Consider this 2 cents worth of advice as I'm no expert so it may be all it's worth. :-)

Per a lot of articles trying to stick to the landlord friendly states, but I have heard good things on the forums about KC so looking at that as well.Will look for some meetups once I'm done with the above.Some of the resources I've been using to narrow down states in case someone else finds it useful:https://www.neighborhoodscout.com/in/indianapolis/... - Useful to get some high level info about crime rates, schools ... all the basics when selecting an area.

That's less than $40k per year.

Just my two cents...

, most of it is acquired through poker and i do make 5k per month (on avg because you can have like a 10k month but then next month be down like -1k like trading etc.) but it's not considered a real job i have the bank statements to prove to a lender but other then that i'm not sure what direction i should go any advice and posts are appreciated thanks!