You'll want to cover your bases legally and financially.

if cashflow is the goal, then a) choose a market to invest in that's cashflow-heavy, first and foremost. note: living in a property for a year doesn't necessarily build equity. your principle paydown year 1 ain't much & if the market dips a bit, you could have no or negative equity at the end of y1. just something to consider.note: appreciation in general is speculation. we can make educated guesses on what's going to happen, based on what HAS happened, but this isn't the 'perk of RE investing' to focus on when you know your goal is cashflow. ignore appreciation for now.if the goal is cashflow, why not just start with a rental?

Based on the terms of the lease, the company took out a commercial rental insurance policy for their time while there. 

Sounds silly, but base level service is assume tax filing and compliance.

That would be a big dictator of your closing costs as several of the factors are based upon closed price.

You have to do your own analysis based on your ability to fund.

I sell insurance and am commission based so I would like some sort of passive income.

But you have many options based on what you've provided here.

Early in 2024, Blackstone was also able to sell the Arizona Biltmore to a UK-based fund for over $1 million/key.These deals signify that, for motivated buyers, financing costs are not as important a consideration as the location or a strategic rationale to own a property in a preferred market.Borrowers of two high-profile portfolios decided to stop supporting their loans, so industry participants are assessing the likelihood of these properties trading.

Hi,I'm a real estate investor based in Cape Town.