Want to know what a REALLY sexy rental property cash flow deal looks like?  I’ll profile one for you right now… and tell you how to find deals like this little jewel for yourself… maybe even this exact property!  I’m Bryan Ellis.  This is episode 150.-----Hello, SDI Nation.  Welcome to the podcast of record for savvy, self-directed investors like you!My friends, there’s great wealth to be built by owning alternative assets – you know, assets other than those your financial advisor would sell to you.  Nothing wrong with a good financial advisor, they certainly have their place, but I’ve observed that almost exclusively, the only thing they’ll offer you are assets that come from Wall Street.  But is there a better way?The answer is, without a doubt, YES.  I’d like to give you a REAL example today.  And you’re going to want to pay close attention to this for two reasons:First, it’s a GREAT case study of a particular type of cash flow-generating asset that has a place in nearly every portfolio… quite certainly, including yours.And Second, this particular asset is actually AVAILABLE right now… and if you’re in the market for an EXCELLENT turnkey rental property, I respectfully suggest you listen very, very closely.This is a property located in an older neighborhood in the southeast.  The property itself was originally built in 1920, though it’s silly to suggest that the property itself is that old, as it’s been almost entirely newly renovated in the last couple of months.  Every major system – you know, the stuff that is expensive to replace – all of that stuff is NEW.  It is, in fact, in excellent condition… it’s even warranted for an entire year for the next owner.Another thing about it is that it’s OCCUPIED with a paying tenant.  The rental rate is $700 per month.  After the most primary expenses – Property tax, insurance and Property Management and maintenance – the net is right at $6,000 per year.And versus the TINY purchase price of $49,900, that creates a NET of about 11.7% PER YEAR.  And hey… for all of you legal beagles, I’ve got to stipulate:  That’s a projection.  Your results could be much better.  Or much worse.  Who knows… I guess it’s possible that this property could break off into the sea and never be seen again……Though from what I hear, that’s a lot more likely to happen to you folks out in the People’s Republic of California!  Speaking of your Californians… I’d like to ask you something:  How much will just the DOWN PAYMENT of your next California property cost you?  A WHOLE LOT MORE than the measly $49,900 of this property.  That’s just the down payment.  And are you going to make a 11.7% cash flow on that money?You know the answer – the answer is NO.  Of course, I know what you’re hoping.  You’re hoping that real estate prices continue to scream ever higher, even though real estate price in LA and San Diego are perilously close to the highs they reached during the bubble, and they’re already there in San Francisco.  My friends, it’s time to think a bit broader.Here’s something amazing to consider:  At 11.7%, it takes less than 6 1/2 years to get your ENTIRE INVESTMENT back out.  And for you pessimists out there, go ahead and add in the Murphy’s law factor that says that anything that can go wrong will go wrong, and you’ve still got 100% of your capital investment back in 7 years.  And after that, what you have is an asset that STILL generates substantial cash flow every single year – while you do nothing whatsoever to manage it, other than reading the statement from your property manager from time to time.Plus, one of the most beautiful things about this deal is that it’s what’s called a “Section 8” house.  The long and short of that is that it means that the rents you receive each month are actually paid directly by the government.  And it’s on time, every time, 100% of the time.  Your rents are paid like clockwork.  There’s no variability.  For more information about that program, check out episode 144 of thi