Purchase price: $140K% Down: 25% (I am considering pitching the investment to a friend and making this a cash purchase - any advice regarding this decision is much appreciated!)

Might be a good way to get your foot in the door, not having to partner with anyone, low downpayment and a cash flowing asset. 

Ideally, my property generates around $500 per month cash flow after accounting for rent, insurance, tax, interest, PM fees.I’ve recently realized that repairs costs have notably affected my profits.

I was thinking about different ways to avoid the 6 month period in which one has to own the property for in order to refinance cash out.

You can get great cash-flow in Cincinnati and I think C areas would be your best bet.

Thank you so much so basically when I add up the % using what you said above savings is 49.6% which means I have to earn that much MORE w2 income equal that in rental income.Roughly 18k w2 income tax (savings of not paid on rental 49.6%) would be the $9000 in rental income ?

Purchase price: $326,000 Cash invested: $80,000 3 bd/ 3 bath townhome, completely remodeled in 2021.

Hi George,If you have the cash to buy your next property with financing, it's not necessary to do a cash out refinance.

Hard to beat the 5.5% on the new construction but you will be cash flow negative.

If you decide to go the mortgage/cash split it keep you cash fluid and puts you in a better position to have cash on hand for assets and reserves.