If you have a typical mortgage (80% LTV) It's not a cash flow market unless you are willing to spend extensively on theming/upgrades. 

But if you want to use a conservative approach and use the extra cash flow to pay off debt versus further investing, I think that's a very legitimate way to go about it.

Between the equity on the condo and the extra cash you have, you can purchase 2-3 homes. 

I have a DSCR lender that is willing to do 70% cash out LTV at 7.25% OR 75% cash out LTV at 7.60%. 

They also tend to offer good cash flow relative to their cost, especially in areas with high demand for affordable housing.

As echoed by many, the Midwest, specifically Milwaukee continues to be a strong market for cash flow.  

I’m a serial entrepreneur with experience in the tech and food distribution industries, now diving into real estate investment to build cash flow and long-term equity.

Purchase price: $300,000 Cash invested: $35,000 Househack!

You've done well with your Class A rental, generating $500/mo in cash flow, this adds up over time.

Purchase price: $172,000 Cash invested: $43,000 We purchased this rehabbed home and added a privacy fence, removed overhanging trees, finished the countertops, built a firepit, security system, camera's, fixed the sidewalk and turned it into an airbnb.