I wouldn't have any interest in buying something like this to hold since it would be so far negative cash flow wise on a monthly basis.

In most case when I have clients putting 25% they will be cash flowing, a lot of that has to do with looking at things a bit differently.

One month vacancy can eat up all the cash flow.

Underpriced, underperforming, value add, 20 units, cash flow potential, low risk How did you find this deal and how did you negotiate it?

My ultimate goal is to use this capital to generate enough cash flow to focus on real estate full-time.

Since you prioritize appreciation over cash flow, focus on DFW areas with strong job growth, infrastructure investment, and limited housing supply—such as Frisco, Arlington, and Rockwall.

Growth can kill a business just as quickly as poor cash flow. 

But to answer your question, yes you can definitely find positive cash flow and the 1% rule here in Columbus Ohio.

Is it deal flow, financing, or something else?

This property also launched my short-term rental journey, running our first Airbnb before transitioning it to a steady cash-flowing rental, allowing us to scale into bigger projects.