If you're paying cash, then it's up to you....I just bought a house allegedly in a 'flood-zone'.

These Investors paid cash, never visiting assets before buying.

What I'm trying to understanding better is creative financing, analyzing the surrounding markets, making connections, and many of the other industry-specific concepts that can really only be learned through real-life experience.The idea of REI came about between myself and my friends because one of them has access to a large amount of capital that he received from his parents as a gift.

I wouldn't recommend buying all cash if you can avoid it.

Cash invested: $40,000 This is an STR that you can review on AirBnB What made you interested in investing in this type of deal?

But you don't invest for the first 6 months when you lose money, but you invest for 3, 5, 10 years down the road when you are selling it, pulling equity, or you are getting $800/month cash flow because the market is up again and inflation is up.

At least I have 6 months to find a nice place and can jump on it with cash. 

I am assuming it would need to be purchased cash then repaired then refinanced. 

It is very high chance that I will be negative cash flow due to increase property insurance and HOA. 

And they will take 725k in cash if you pay for the closing and commissions...