This entails furnishing bank statements reflecting ample cash reserves to cover the property purchase and potential rehabilitation costs to get the project started.

After some back and forth the price came down but they offered us $1,400,000 cash and a quick close.

That could be one contractor depending on what is needed or several for different specialties like electric, plumbing, drywall, and so on.

My 1st property will officially be a full rental rather than a house hack with some cash flow.

I'm soul searching right now, but this whole due on sale clause seems risky until I have some major cash or credit line to back me up in the rare chance the loan is called.

Please keep in mind that we do not want recommendations for strategies involving financing, as we want to get some core holdings that produce immediate cash flow and not have that NOI reduced by loans at current rates in light of the current cap rates.Also, just FYI, we are in California and no way to get around that residency in time to reduce state taxes.

Columbus=more appreciation, less cash flow. 

Purchase price: $410,000 Cash invested: $100,000 Sale price: $625,000 Single family What made you interested in investing in this type of deal?

I would want to buy and hold/ rental (to help reduce my w2 income as well as cash flow).

In 5 years you'll have 4 properties that are hopefully cash flowing for you and you'll have enough saved up to buy your first multi-family with all the knowledge and experience.Best of luck in your RE journey!