You need a bucket of cash for reserves, emergency repairs, or leverage to find/buy/create a good deal.

My main concern is the limited cash I have available for the down payment and renovation costs.

Purchase price: $204,000,000 Cash invested: $60,000,000I worked for a Hong Kong public company & high-end luxury residential developer and helped to develop a $204 million condo project called "The Graystone" which is in Seattle's First Hill District.What made you interested in investing in this type of deal?

Due to high interest rate and almost $10k of property tax, we negative cash flow over $10k in 2023.

The property has been drawn up and is permits are ready so it's just a matter of finalizing the cash for it.I know Tampa area has been booming so it generally seems like a good idea.

For $150,000, this could be $3,000 to $7,500.Investing in a Rental Property: Costs and ExpensesDown Payment and Closing Costs:Down Payment: Assuming you buy a $300,000 rental property, you need a 20% down payment ($60,000).Closing Costs: Typically 2% to 5% of the purchase price.

I am looking for some people to connect with in that area that may have more experience as we are out of state investors and have heard that Mississippi has great opportunities for cash flow and for people starting out in this industry. 

Have they explained why they prefer upfront payment?

Unless you buy this with cash most mortgage companies will not allow a purchase in an LLC.

Year 1 is going to be tough to cash flow, but the population has essentially doubled in Fort Bend County in the last 10-12 years.