Take your flip profits in CA, and buy with those profits for CF in the Midwest. 

I definitely want to buy more properties.

Great opportunities to buy single family house and rent out the bedrooms.  

Keep your focus on how many crappy properties you can buy each year, instead of buying fewer but better properties.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Bronx.

I make a decent amount of money nearly from my W-2 (over 100k) but still not enough to easily buy another property this year especially if I have to put down 20%.

If there aren't any massive physical problems with the property, it appears you can grow income and equity.You might be able to buy this with little cash out of pocket if the seller owns it free and clear and was willing to finance nearly all of it.  

I had a similar strategy with my first few house hacks: buy in great A & B Chicago neighborhoods....get by with minimum cash flow, and wait...What's your plan for the next purchase Michael?

I’ve also used a HELOC to buy a couple houses.

I would definitely reconsider buying into a property that will have a negative cash flow.