Rental Property Investor · Augusta, GA · Member since 2017 · 825 posts · 278 votes
7y
Hi William,
Nope, it is completely possible to find negative cash flowing deals. Especially with 10% down, where you may need PMI. Almost no deals only need 5k in rehab. I might believe that if it is already rented, but just getting a full paint job can cost that in my neighborhood. Keep looking, there are deals out there. With practice you will find them. Good luck!