My goal is to generate cash flow, no knowledge on how to increase the NOI, no experience in house flipping, just some cash from inheritance.

You can obtain lists of homeowners from various sources (like public records or lead generation services) and then make calls to inquire if they’re considering selling their property.

Rent out ROOMS in the other units to generate more cashflow than you could by renting out the entire unit.

While you might not build as much equity as you would with a fixer-upper, you can start generating income right away.

Based on your information, it may appear no2) The second question is whether the property will generate positive rental income over a 3-5 year period, after normal depreciation.If it is, and it is significant, it may be worthwhile to get a cost segregation.

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You can maximize your cash this way with the lowest rate possible on the debt and be able to reinvest all the while still generating cash flow. 

I'm starting to look a business like vending machines and laundromats as a way to generate cash flow but I've heard it takes a lot of work.

I would consider buying a duplex, tri or quad as a primary residence and move into one of the units and rent out the others.You could sell your primary and use the capital, or pull the HELOC and use to buy a small multifamily.You can also learn how to flip properties to generate additional income to use to buy properties to hold longer term.You can also consider looking into a job in the real estate industry, such as an analyst, broker, lender ,etc that can get you in the gameAll the bestGino

If you're new to a city, that might be a way to generate some good income year 1 and 2, while you build your network.