How much cash flow are you looking for?

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Hi everyone.

I purchased my home about 4 years ago with the VA loan so I didn't put any money to move in.. I am currently in the process of purchasing my second home with about 40k in equity on the first.. if I rent this home out I will cash flow about $200 a month.. is that a deal considering I put no money in? Or am I better off selling? I have probably spent about 10-15k over the 4 years in upgrades and updates on the home since we have been living in it.

What’s the cash flow personally look for?