Fernando,You would be better off going DSCR to pull the cash out 75% LTV SFR. 

The first 4 had incentives, but when I got back home and ran the numbers through my wholesale channels, I was able to get really close on the rates (they were 6-6.25%, I was 6.25-6.5% on 180 day locks), but I was able to beat them by around $5,000 in cash to close. 

What a lot of operators do, is find a property where the partner puts up more of the cash and they do more of the work.

If you live in one unit and rent out the other, you can break even or even have positive cash flow.

Does anyone know a few markets where the cash flow is decent but the purchase price is low?

@Rory Sweeney biggest challenge with most PMC software accounting is that they are cash based.We've figured out how to do everything we need in Propertyware, which is similar to Buildium.Just takes persistance!

Schools Basically, anything that could bring a cash flow.

Cash flow was around $350 per month.Step 2: Sold the condo using a 1031 exchange to roll over the taxes.Step 3: Bought a primary home in a LCOL city for $200,000 and rehabbed it.

In fact even with all the hassle, this has been my most profitable property because the cash flow is the highest and with all the late fees added in I actually had a decent year.

I would agree with @Simon W. for the cash draw on the construction loan.