Wow Nick, that definitely sounds like a bold step you took to drive cash flow, but I'm glad to hear it paid off.

Max helped me buy a condo in Little Italy that has insane cash flow because of this new license. 🙏🏼 

Buying a second home to rent out is a solid strategy, but be sure you understand the cash flow, including mortgage, taxes, and potential vacancies.

I mean even if the IRR is trash and the cash on cash returns don't come back as promised. 

Many investors are adjusting by using more cash or creative financing strategies to maintain profitability.Renovation Costs: While labor and material costs have somewhat stabilized, smart budgeting and working with reliable contractors are still crucial for keeping timelines and profits in check.How has your strategy changed for those currently flipping in Phoenix?

Quote from @Ricardo Lemus: For a newer investor, a good investment is a property that pays for all expenses with some cash left over.

I plan to utilize some cash, margin loan, 401k loan, and a HELOC as a down payment.My first house hack (now an out of state investment) has a Zestimate of $530K, and I have $266K left on the loan.

It would be needed to generate a preliminary HUD statement so you would know how much cash to bring to the closing table.

Purchase price: $150,000 Cash invested: $90,000 Bought as a forclosure gut job.

Or like many small in businesses you raise cash from friends family and anyone else that knows loves and trusts you.The other thing I suggest is to make that $27,000 or $37000, or $50000 yourself over the next year.