They're managed by a property manager and bring in about $3k per month in cash flow after fees.With a household income of around $600k (pre-tax) and $100k available for investment, I'm aiming to find investment strategies that prioritize cash flow over property appreciation.

This will help you gain experience without taking on too much risk.Get Pre-Approved: If you plan to finance your first investment, get pre-approved for a mortgage.

You could always pay off the line of credit without any pre-payment penalties. 

The biggest issue for Baltimore and frankly any rust belt city is the rise of remote work, Baltimore is cheap for a major job center, but it’s not that cheap period, pretty much any area west of Frederick county or east of the bay bridge has ample housing stock for sub 300k and imo a better quality of life, so the one thing that Baltimore has going for it pre-pandemic which was a pretty solid mix of Fortune 500 companies located downtown has been significantly reduced & downtown is a ghostown now.

@Jayden Gales- thanks ..if you havent already done so - get  formally pre approved with a lender that offers the programs you are considering ...getting pre approved  will help you become educated / prepared  for the next step .

Across the street, a foreclosure which is like the backyard cottage pre-rehab sold for $40k. 

@Matthew Paul:Without getting too technical here, most general contractors actually incorporate and provide their services through an entity operating as a business or company of some sort.. so its not clear what your initial point is.

They always send pictures pre-rehab and say it will be done with the purchase price.

@Geoffrey Paugam- agreed ...if you are  needing to use financing to purchase - make sure to have a full loan pre approval in place  before searching / offering for a new place . 

I am 29, single, employed, have ample savings, a full VA loan, and am pre approved for 550k, and looking within an hour of the dc metro area, ideally Harford county MD due to the good schools and military bases near by.