@Souji Kumar Do you think $200 per month is a good enough return to borrow $100,000 in an area that you know nothing about?

He sent me properties that included scope of rehab, expected returns and costs, and several pictures.

Incredible returns, no maintenance needed, and you can buy/sell all over the country.

Per the conservative proforma, at 18% of the cash flow, that should give us about 10-11% return by year 3.

The debate going forward is continue using my own cash (in total control, no interest, can make more competitive offers to acquire properties, higher $ amount returns, no contractor draw requests/inspections to deal with throughout entire project) or turn to a HML who is going to cost me around 10-11% with 2-3 points interest only loan with no pre-payment penalties (much less cash out of pocket, high cash on cash % return, potentially do multiple projects at once). 

I'm struggling to find deals between $80-120k that cash flow that are getting better than 10% return on cash.

Thanks for the reply gentlemen, the search will continue.Are there any real life situations out there where I️ could get a breakdown on what your actual income/expenses/returns have been for a 16-48 unit apartment complex(s)?

Many people say they will wait and never end up doing anything.I was in your shoes 2 years ago, couldn’t find what I was looking for in Tri State area so I decided to go to the market as a novice not knowing anything about Charlotte just the research that I’ve done and planted my roots.What I do is I buy for Positive cash flow now not for the future, I don’t even consider appreciation that’s the icing in the cake a bonus.If I can get the positive cash flow/ return I’m looking for now I pull the trigger.The way I see it when the market turns and becomes a buyer market I will be a more season investor and will be ready to bounce on great deals.

Incredible returns, no rehab needed, and you can buy/sell all over the country.

They want to sell it and pocket all the returns.