Akron can be a great market for cash-flow if you get in at the right price, and have a solid PM.

You will want to hold enough cash that you can cover a move out without having to redeem the CD early

Can't go in with negative cash flow. 

If cash hits your account, that is often seen as "accepting" a partial payment.Our system will not allow any resident to make a partial payment. 

Your home will be reappraised after the rehab for this refinance and may increase in value enough that it may make sense to cash-out-refinance or HELOC the property to rehab your next investment property🏘️the larger lot distressed property may open up additional opportunities to you via EHB 1337 and future associated ADU/DADU opportunities.I bought my first distressed investment property the first year out of college (duplex in Bremerton for $350k), then bought a second turn-key estate sale (~$200k SFH in North Carolina).

OBX is a great place, but it will take a very long time to be cash positive based on its current pricing, management fees and the short season.We were going to also use it during offseason but its just a pain to get too.

These regions are where I typically suggest looking if investors main goals are maximizing Cash flow/Cap rate/ COC return

And to add to the stress, we took out a loan to cover the costs, and now we're watching our hard-earned cash disappear with each passing day.In this moment of desperation, I reach out to this community for assistance. 

I'm a new (foreign) investor and just bought a new property in Detroit with cash as a first move.

The property is presently cash flowing at about 5%, but could do much better with better financing.