Purchase price: $825,000 Cash invested: $41,250 May 2022: We bought a single family home with an ADU north of Boston in the town of Wakefield MA.

I would like to express my gratitude to Jack and Russel, who have been gracious with their time and provided valuable guidance related to the DC Metro area.My Strategy:- Invest in rental properties below $400K with a Cash on Cash return of over 6% and an ROI of 7%- Consider flipping opportunities for properties costing more than $500K with an ROI of 7% or higher- Prefer to stay in the DC metro area but i understand that its a tough market for investors.

Lack of cash / over leveraging sounds like the concern from what the post states.You could flip but you need to know the market your are flipping in and time line rehab is going to take.

Purchase price: $84,100 Cash invested: $75,000 Sale price: $179,900

They may truly not know that the property has any issues or they may be playing "ignorant" of any issues. 

You can maybe save some cash and just get a single line virtual dialer like Vonage Business or Ring Central (look for month to month only), you don't need a massive power dialer right off the bat (another $150-$250 per month). 

Maybe its better to pay the tax and put the remaining cash in a high interest yielding account.

Aim for a $75,000 ARV to play it "safe".As far as private money you would probably have to find someone local that knows the area and wouldn't have a problem taking ownership of a property like this if things go sideways.My guess is you'll have a tough time finding an individual that wants to loan on it. 

We also enjoy playing 401 Uncle. 

I like starting in the Midwest because it's affordable and offers good cash flow.