I like Columbus for moderate cash flow and high appreciation and Cleveland for high cash flow

After 6 months, or 1 year (whatever time limit required), I take a cash out refinance (probably up to 75%) on "my" property to buyout the other owner (grandma).3.

What about a cash out refi?

If you ever go to sell, of it isn't cash, these are some guidelines some financiers go by.

Yes, they require some extra follow up.

Purchase price: $35,000 Cash invested: $280,000 Sale price: $440,000 purchased vacant lot, built home, sold How did you find this deal and how did you negotiate it?

You are adding an extra expense every 5 yrs to repaint.

If your why on investing in real estate is to make extra money, that's a start, but it's not the real why.

Purchase price: $200,000 Cash invested: $15,000 Sale price: $260,000 Purchased a cosmetic flip, invested about 8k in repairs, and a couple thousand for using a HML, listed on market and received multiple offers all above asking price.

The worst case you would have to spend couple hundred or thousand extra over a regular move out rehab to clean up the extra stuff etc.