Appreciation vs. Cash Flow - making the transition

[Matt Brown]

Hello - I currently own a single family rental in Seattle.  It has appreciated, but does not cash flow.  I’m considering selling and using the gains to buy a duplex and/or single family rentals in a new market.  I am targeting Spokane, WA and/or Portland, OR as I am familiar with these markets.  I will have potentially 500k to invest and my goal would be to achieve 4k monthly cash flow.  Considering my situation and these numbers is my goal possible?  Does anyone have any tips/guidance to refine my approach?  I greatly appreciate any feedback/advice.  Thank you for your consideration.