I guess I can keep my cash flow. 

My father and I just paid cash for a little less than a 2 acre lot in Summersville, WV.

My question is, do I just not touch the first property, use the cash flow to reinvest and pay down the mortgage or save up for a downpayment down the road OR do I pull cash out of the first property to buy the next property?

But if your goal is to leave your day job soon, multi family will offer more cash flow typically.

In the past, I cashed out my 401K(Paid income tax + Penalty).

The issue is his definition of cash flow. 

I ended up selling my property to wash my hands of it.

Purchase price: $72,000 Cash invested: $107,600 Case Study: Cockroaches to Cash FlowProperty AcquisitionI found this property through MLS.

What you want to ask is what is a good ROI or better yet, your Cash on Cash Return.I know someone who has $3000 per month cash flow.

I negotiate at 70% ARV so the deals I bring are solid and I'd love to work with one single corporate cash buyer that is able to close  on several deals a month.