The place is cash flowing, about 350.00 a month.3.

He might have some ideas.A lot varies by if you need a big return today, a mid size return, or no return for years with bigger equity growth on the back end.Stabilized is generally more cash flow today but little to no equity growth.

Also, it seems to me that the commentators to my thread are thinking I'm throwing out low offers to see what sticks.This isn't the case at all.I'm an Investor that buys for FUTURE appreciation of both Cash Flow and Appreciation. 6 of the 8 Investment Properties I bought were from retail advertising from Brokers on the MLS.I am already wealthy and believe in setting up a win-win scenario for everyone, including the Seller, the Broker, and myself.I don't believe getting a 5% discount now on a price is worth it in my scenario.For instance, I bought a property 2000 for $140k purchase price.

But the quality of tenant may be a big factor that hurts my monthly cash flow. 

They must be distressed, list price to gross monthly rents ratio must meet the 1% rule or better, and they must be able to currently Cash Flow $100 per unit using the 50% rule.  

There are some nice cash flowing turnkeys for $55 - $75k in B neighborhoods

I'm using actual numbers that average my last few deals.36K Purchase house with my cash 24K rehab with my cash 75K She goes and gets a loan herself, and buys it from me60K Gives me my initial cash outlay back15K Cash & 25K Equity & $150/Month cash flow she keeps for herself while having put out $0 of her own.

The deal has good Debt Coverage at 1.62 and it will cash flow at 19k/year.The building is partially rented (2 units - 2 Bdrm and a Studio) with one 2-Bdrm ready to go.  

I have been there, actually worse since my property was negative cash flowing at the time, and i promise you it is not a fun place to be. 

I would like to obtain my real estate license within the next 12 months to focus on the experience as well as some extra cash flow while working my current job.