Especially the first time something bad happens (and something bad will happen) such as an eviction, slap leak, collapsed sewer run, new roof, etc it could be challenging to see the positive of having a cash negative rental.Make sure you are mentally prepared to supplement this property for potentially years through some difficult events.good luck

Hey Nicholas, congrats on taking the leap, that first flip is always the toughest mentally, but it’s also where you learn the most.A few quick tips: Stick close to your budget cause surprises happen, but having a small contingency fund helps. 

I have been researching and studying for about 5 years but after the global health conflict personal tragedy struck with the unexpected tragic loss of my child having to set things aside.

That department is runned by dinosours who are set in their 1950's mentality and will make your life hell. 

We don’t just process rent—we create connection.This month, that connection turned into something remarkable:We featured a long-time tenant in our first Tenant of the Month newsletter.She’s been resilient through serious health challenges—always communicative, always accountable.One of our owners, moved by her story, stepped in to cover her rent as a gift—on her birthday.This is the Ripple Effect of Kindness in action: strong tenant relationships create stable properties, happy neighbors, and owners proud of their investments.Building wealth isn’t only about numbers on a spreadsheet.

The others are just older generation owners that bought when things were ridiculously cheap and are holding on to their mental sale price with a death grip.The only entry level investment game in the Bay Area is bootstrapping your own startup haha.I'm in the Bay Area and moving to Pittsburgh soon.

. 😊🙏🏼 I am concerned for your financial health:- I believe RE is more challenging than in recent times.- I believe the highest cash flow markets have the highest risk.- I fear a rushed purchase has additional risk.- make sure you have a good 1031 intermediary.- I believe the local market is challenging, especially with your goal of immediate cash flow, and not local (out of state) is higher risk and effort.Where is your current property that you are selling located?  

Here’s the play:Price: set a walk‑away number, then use an escalation with a cap tied to comps and in‑place rents; pair it with an appraisal‑gap limited to what you can comfortably cover.Terms: bigger EMD, short inspection period not waived, but prebook inspector and key specialists; ask for seller disclosures up front and use inspection to negotiate only for health/safety or structural.Lender: include DU/LP or pre‑underwrite letter, fund your reserves, and show shorter close with an ordered appraisal slot.Search: add adjacent submarkets with similar tenant bases where days‑on‑market are a touch longer; have your agent call the listing agent before writing to learn hot buttons and tailor.

Please don't tell me I have a lack mentality.

Scared sh%^less would be a good description for where I was at mentally so it helped me get into the game.We ended up doing our first 2 deals together and then each did our own after that.