Purchase price: $460,000 Cash invested: $15,000 Currently flipping this home What made you interested in investing in this type of deal?

Including your monthly rent, the property has $150 cash flow. 

As for cash flow, buy or start a business.

Just a side note- Be cautious of all the “gurus” out there who will try to sell you pipe dreams on getting into REI with zero cash.  

Even C/D class that cash flow decently are harder to find now.  

They just look at cash flow, so day 0 metrics.

Thanks,Robert Robert,Would either have to look into some kind of a Quit Claim Deed to transfer it into your entity, or just fully refinancing either cash-out if you have any equity, or doing a rate and term refinance where you just transfer the existing debt in the property into your LLC.Payments could go either way, by being a member of the LLC, any rent payments could be linked to you pretty easily.

We both are drawn to either single family long term rentals, or STR’s in the right locations.Right now we have $20k cash available for immediate investment, with the ability to increase that to $60-70k in the next 3 years through savings and bonuses at our day jobs.

Hopefully, his Bank statement should show he got paid in Japan unless US government paid him in Cash.

Where my head is at and my future goals with REII am very hesitant to sell off cash-flowing properties and have the voice in my head saying "if it ain't broke, don't fix it".