The reason why I like this strategy is:- Seems like lower risk;- If numbers are correct, its not much out of pocket;- Seems like a good way to get feet wet, get a rental & some positive cash flow.My concern is:- I speak with investors all the time who started off in SFH and they all say moving forward their strategy will be multi family.Any insight is greatly appreciated!

Can you find places to cash flow positive?

@Michael Christensen1st of all, welcome to BP family where we share knowledge, encourage each other and share positive views. 2nd, feel free to raise any question in this forum.And lastly, great work on your 1st step as there are more to come

My question is I have the ability to purchase one property  all cash and that would create positive cash flow obviously.

The property was positive cash flowing since the day I bought it.

Additionally, my house roof is positioned perfectly to capture the sun in the morning and early afternoon.

Factoring in 10% for repairs I see positive cash flow of 200-400 a month per duplex.

If you want an equity position they could sell you the propert(ies) on a seller financing contract so they still get cash flow but you manage everything and eventually (10, 20, or 30 years later) own everything outright.

This could significantly increase flood insurance prices across the US and if not properly accounted for in your calculations, could cause a positively cash-flowing property to go in the red. 

Our short term goal (6 months or less) is to identify and acquire a rental property, either SFH or duplex, in the Seattle or Spokane areas that will net us an acceptable positive cash flow (we are still working on defining what is 'acceptable' for us).