I think that the cash flow you are generating from these properties is outstanding. 

Build a strong team, prioritize cash flow, and take the time to understand the local market and regulations, especially for development projects.

Buying properties through non traditional channels.  4.

Like most places with growth though, it's hard to find properties to cash flow given interest rates etc. 

Both properties have a substantial amount of equity that’s essentially sitting idle.Would it be a good idea to tap into this equity (through a HELOC, cash-out refinance, etc.) to fund future fix-and-flip projects or purchase additional rental properties?

I know I can't have it all but looking for a stable appreciating with some cash flow and a turnkey SFH.

While Colorado's market can be challenging due to high prices, exploring suburbs like Colorado Springs or Pueblo, or even considering out-of-state markets in the Midwest or Southeast, can open up better cash flow opportunities.

where can we find places-websites to analyze areas that will provide positive cash flow?

They always make sure to have line(s) of credit to get them through challenging periods.

In Dayton, I find most of my clients like A/B class 1-4 units because they can actually cash flow AND be in great areas.