Should I get more cash flow from day 1 but have a lower CoC return (~$200/month NOI with about 20k left in the deal)ORShould I BRRRR and try to get all my money back out of the deal so I can increase that CoC return, at the cost of the monthly cash flow (~$10/month NOI with zero left in the deal)?

I knew this would be an advantage going in, but I didn't understand back then how much of an advantage it was, or rather, how we could maximize this advantage as a mom-and-pop investor team.Our current plan, given the phenomenal appreciation of the property, is to move into it ourselves at some point and do a live-in flip, then use the cash to buy more rental properties that would offer us more of a return for the cash that's in the place and the gain that we can get out of it.

I've been investing in the Detroit market for years and the returns are very attractive.  

How do you leverage your capital gain and what would be the best way to handle your returns?

Something to consider: Financing, contracts, title work, insurance, bookkeeping, taxes and returns can be overwhelming even when personally making a purchase let alone in an LLC when starting out.

Return the tenant's lease to the original terms you were provided;2.

I gave her an application and asked for it to be filled out and returned for whoever would be on the lease.

You can rent or lease  a really nice big house in Milpitas for about $4.4k e.g.https://sfbay.craigslist.org/sby/apa/d/large-execu...If the economy really tanks you can move out your Santa Clara tenants and return there.

What type of returns are you trying to hit as well?

Now while she is overseas, she has partnered with me on a rental in my area, so she is getting better returns than putting it in a bank for very little return.