When I asked them why they said they were happy they did not have any vacancies and all in all were still cash flowing.

Yes @John Beck-  I’m happy to answer any questions you may have.

Reach out to @Jorge Vazquez he would be happy to assist you with any questions you may have about getting started.

Hello Corwin Hernandez I am here in flint and would be more than happy to answer any questions as best I can.

Would be happy to chat more about this if you and/or your team were interested in talking through either these deals or any others you have an eye on.Good luck!

Once I purchase a multi unit, I’m going to pivot and purchase an SFR, hopefully picking up 5+ units this year.The property has a lot of deferred maintenance but not a lot needs to be done immediately and can be spread out over 1-2 years.Purchase - 415kRent - 4800/ moCash out of pocket - 15kMaintenance, cap ex, vacancy- 540/ moCash flow after all expenses- 850/ moConcerns:- Buying at 6% interest and not waiting for rates to go down- If we do hit a recession and rates/ values drop, would my rents go down toI appreciate any and all feedback!

Hello Everyone, Armando Cervantes here wishing you a happy Saturday, I am a new member, I have been watching the Bigger Pockets Podcast and I love it, I live in Deerfield Beach FL and I want to learn to invest in Rentals, Multifamily, Single Family homes.

For the second house, I would suggest having additional 5k because you can now spread out the risk over 2 properties and it is unlikely that 2 AC units go out at the same time or that you have 2 tenants trash both properties the same month.  

I would also highly recommend the "happy clause" be discussed and in writing......

Yeah, it sucks to be on the outside currently, but wait it out and in 5 years you'll be happy you did.