Less cash flow with no money down?
Need a sanity check. I have an opportunity to buy a 4BR rental well below market value. House was built in 1990 and is in good shape. I can pay cash and refinance after I close to pull every penny of my investment out. No major defects, strong rental history with good tenants. On paper, it has NEGATIVE $200 monthly cash flow when putting 35% in reserves. So yeah, if I had to put 20% down, no way would this make sense. But why not pick up a property with no money out of pocket? Even if I need a major repair down the road like a furnace or roof and have to put money into it, I feel like I'd still be way ahead of the game. Thoughts?