the easiest way to cash flow - to generate net cash - is to put more down. 

Joshua -No.If the property was not rented and did not generate any rental income for the tax year, you would not be able to claim depreciation deductions against your W-2 income for that year.Thanks.

@John Morgan. 400k house would generate $2200 in monthly rents.

If you don't, then you have to take the owner's word for the amount the unit generates.

Do you use/like ListSource or PropStream for lead generation?

We typically won't consider a deal lower than 9%.In other words, for the amount of cash flow this deal generates, they are asking about TWICE what it's worth.At the $240K asking price, I don't see a deal that would make sense.I recommend you find out how they came up with this price and also why they're selling.You've got time: I doubt this property is going anywhere anytime soon! 

damn, homie is sure very responsive when it comes to generating cease and desists lol what a clown.

How much rent does this property generate?

Also wanted $600k in revenue and we generated closer to $700k. 

It's a little risky, because if you buy a property with barely/no cash flow and rely on appreciation and the market turns around, you now own a property that's generating nothing for a few years until the market rebounds.I love appreciation.