My original plan was to put a HELOC on each unit and pull 80% of the value out to recoup my cash, however now I’m considering doing a cashout refi in six months for the same amount or more.Using the HELOC, my original plan was to take a 50k line on each unit and use all of my cash flow (no money set aside for reserves/profit) to not only pay the interest but also the principle down.

I deal with mainly higher end units which get phenominal cash flow, but the problem is there isn't a lot of good comparable data.

He would get his first property for his portfolio, and I increase my cash flow by knocking out my biggest expense (rent).

I'm planning to turn at least one of the 1/1's into a vacation rental which should earn at least 1200/mo (very conservative estimate, probably higher).Purchase price: 295,000Down payment: 25%, $73,750Loan term: 30 yearsInterest rate: 5.375%P&I: $1238.94/moClosing costs: $2800Gross scheduled income: currently $2650/mo, I'm planning on $3000/mo minimum with STR, so $36,000/yearLess Vacancy/Repairs: 10% = $3600*Gross Operating Income: $32,400Less taxes ($4700 (high estimate)), Insurance ($900), and Water/Sewer ($1800):  $7400Net Operating Income: $25,000Less Debt Service: $14,867Before Tax Cash Flow: $10,133CAP rate: 8.47%COC: 13.24%*yes, I know that's low for Vacancy/Repairs/CapEx, thats because we do our own work and management.  

or cash flowing investment property (unless you put 30%+ down payment).If you are talking Killeen or Bastrop, you are no longer talking about Austin, unless you want to be very lax on your definition of "surrounding areas".Condos are the first one affected in a downturn - I would advise against this option at this time in the market cycle.Best way to calculate?

SFH are not where someone would turn  for cash flow that is for sure......  

I couldn't locate the property to run rent comps based on the address, but if you're getting negative cash flow on paper, you may want to investigate things closer.

It's gonna go any day, and that could wipe out 6+ months of cash flow.

Fantastic cash flowing building in a prime Logan Square location.

Cash flow positive Lessons learned?