I’m looking for small multi-family homes in the $150k-$250k range, focusing on property appreciation with minimal cash flow to build reserves.I’ve been considering areas like Fishtown, Somerton, Roxborough, Haverford, Conshohocken, West Norriton, Upper Darby, Lansdale, and Abington.

This would allow for a longer carry back with up front cash flow.

Condo's usually have high HOA dues which will eat into your cash flow.

Your cash flow is positive on paper, but how will that look in reality?

Purchase price: $220,000 Cash invested: $30,000Currently house hacking.

It is much more difficult to sell an entire portfolio that has become uninsurable (which would require a cash only sale) or that insurance rates are so high that no one wants to buy. 

Do you use your own cash or do you have a lender or investor funding your deals?

It's a decent tool, but as Greg mentioned, I'd definitely plan for a worst case scenario and make sure it cash flows at the highest interest rate juuuust in case. 

I’m currently targeting properties in the $200K–$500K range, depending on the location and potential cash flow.

What's the cash-flow after expenses?