While I don't want to get myself into a negative cash flow situation- appreciation is the bigger deal for us. 

Couple hundred bucks a door monthly cash flow, solid ROI, and yes plenty appreciation. (#1 appreciating city 2023)I personally make well over $100k/yr cash flow from 21 properties here.

Quote from @Ricardo Lemus: For a newer investor, a good investment is a property that pays for all expenses with some cash left over.

Purchase price: $85,000 Cash invested: $60,000 My initial strategy for this deal was to flip it and sell it, but the market was unfavorable so I opted for the BRRRR strtategy instead.

Once they're done, you can rent out the property, refinance,  and cash them out.  

Purchase price: $142,500 Cash invested: $25,000 We purchased 2 adjacent, tiny rowhomes in the Northern Liberties neighborhood of Philadelphia.

Will it even cash flow? 

keep going after it. run lots of numbers and do a lot of underwriting. feel free to reach out at any time if you need help in your market. these properties that are 3 units are rented and then a cash out refinance that not only makes money but returns full capital to the investor on DSCR loans similar to the interest rate you mentioned above. 

Purchase price: $125,000 Cash invested: $65,000 Sale price: $250,000 Wish I could have held onto it but needed the money to fund future deals What made you interested in investing in this type of deal?

Purchase price: $1,150,000 Cash invested: $200,000 Sale price: $1,599,000 Welcome to your dream home!