I just don't see how you could ever make money unless you had a huge down payment or wanted to buy and hold and hope for appreciation many years down the road.The positive aspect about this town is it seems to be quite stable, real estate has leveled out and is actually turning around here quickly.

Most people like a job that pays a salary.

This year, I've decided mostly to focus on flipping houses because I don't think I'm ready to get involved with landlording or hiring property managers, etc.I just joined my local REIA Tampa Bay chapter and will begin attending meetings, but I'm hoping to learn more about certain things online as well, things I've been having trouble narrowing down in the forums.I'm wondering about:•How hard money lenders work, and how you communicate with/propose deals that a person in that position.

If you financed all 6 of your units you could pull out $200k to use for a down payment on further acquisitions.Those units will still be cash flow positive paying down a $34k loan right?

Then recalculate if you will still get positive cashflow.

what are the positives and negatives of this?

My plan is to sell the property for $170k as soon as the market allows but until then, I would like hold onto the property and use it for the positive cash flow until it sells.

The way I see it on the long term side, if I paid 8% annually or $11,200 , my taxes are $8,000 , I should still have a positive cashflow of close to $1000 per property.

If this is owned by a small local bank that maybe did a portfolio loan before foreclosing, then maybe the bank foreclosed but kept the tenant since the bank knew that the property had positive cash flow.

Everyone is different, but if you focus on the 'wins' (or positives) the negatives are less imposing.