This initial negative equity position consumes the initial cash flow.  2) the addition of the adu makes the property multi family and likely makes rent control apply.  

I still have that house and it rents for a grand these days. my first house was late 70s that I bought  in those days it was 80 10 and 10  you need 10% cash and normally a private HML would give you the 10% second and bank was the first.. interest on the first was 9% second was 15%.. this was before the Carter interest rate run up.. paid 80k for it in Milpitas CA.. and it was brand new bought it from Shapel . 

In one of my markets I invest in I could buy a house cash for $200,000.

What's the projected cash flow? 

If I already have some properties under my belt and they are cash flowing, I'll be much more willing to save time by using paid tools etc.

I funded this with US cash, as well as a loan with a Canadian bank.I have shared this process with many friends and other real estate buddies that commended my journey.

Plus they normally pay in cash to avoid the above issues.  

Purchase price: $144,900 Cash invested: $13,000 This is a charming 4 bedroom, 2 bathroom home in Bossier City, LA.

I've been analyzing a couple deals in the OH market recently to get some practice (my research tells me it's one of the few decent cash flowing markets).

If that means renting out part of your residence, that's great for cash flow and experience.