Assuming cost segging a rental is the only way:condo or townhome/SFH with NON depreciable landnewer property/fixtures vs older propertyNOT a pro newbie landlord vs REPself manage or prop. mgmt. co.GOAL is biggest tax bene.NOT best cash flowing deal

I live in the California Bay Area and to say the least, my market is not affordable or even at best cash flowing.

They use the word like "Communist China" and "marijuana trades" a lot ;-) LOL However, since there're lot of restrictions for import from China and made-in-China product is flowing from Mexico route these days, these regulations are "understandable". 

And my exit plan, if things dont work out is I buy it at the appraised value , move there and rent my current house ( smaller , same class A community)  And the cash flow will just about cover the new loan .So before you get into flipping ( with no experience ) look at all possibilities and run different what ifs and have multible back up plans .

I have a property under contract that will cash flow right off the bat with little fix up BUT the plan is to move in for 6 months to a year while I make improvements.It is a 2/2/1 with a great floor plan and can easily be converted to a 3/2/1!

Purchase price: $100,000 Cash invested: $50,000 I bought a house wholesale and it turned into immediate cash flow and a great long term investment What made you interested in investing in this type of deal?

This means hosts have to work extra hard to make their unit unique and stand out so that they can charge a high enough nightly rate and remain occupied enough for the property to cash flow well.

Just consider also that while you don't want cash flow to be negative.

After utilities, net cashflow will be around $200-$300 a month.I currently have the place clean and furnished, I have 2 leases signed, with 2 additional rooms waiting to be rented.

Detroit.The city is really coming up with a lot of revitalization and investment (has been for years), and folks haven't fully caught on yet.If you know how to source them, there are fantastic deals out there that make true BRRRR's and then still cash flow (hard to find in most places).All that said, I'm insanely biased.