@Brandon JusticeIt sounds like you have a good business plan to move it forward into cash flow positive.  

Although I prefer multi-family because it cash flows better.

My goal is to at least have positive cash flow while I build equity in the investment property.Has anyone successfully purchased a buy & hold with this strategy?

And then while it’s in the process you provide your QI will all the cash needed to finance the property.

Below are the key data points:- Gross Rental Income: $118K (I received the rent roll list from agent)- Effective Gross Income: $112K (I'm assuming a 5% vacancy factor)- NOI: $56K (I'm assuming 50% Operating Expenses - inclusive of 10% property mgmt costs, repairs & maintenance and CapEx reserves)- Recommended PP: $623K (Market CAP rate is at ~8%; I used 9% because I want the Cash on Cash return to be 10%+ with a 30% DP at 7.2% interest rate and 30 yrs term)- The asking price is $1.25M.

PropStream - If you use PropStream software, you can find out who the cash buyers are in a specific area8.

I wouldn't be selling in this market personally, so if you don't sell the SFR and you really want to do this, a DSCR cash out refinance on the triplex, or a hard money 2nd is your only option to get the liquidity needed to make this move.

It's not an amount of actual cash because that changes depending on where you want to invest, but a percentage.

Also you might charge your tenants a higher amount, but I wouldn't want to go that way as owning and running this business is more profitable then just collecting rents. 

I asked my attorney about a quiet title action, but he is concerned that the title couldn't be cleared because the previous owner has two full years from the date the county foreclosed to challenge the sale, and it's not possible to quiet the title until the two years have elapsed because they legally have that amount of time, ie. you can't bar their claim while time remains.