In terms of my goals, I concentrate/focus on three metrics (and cash flow isn't one of them because that can be manipulated). 

and on BP ultra wealthy could mean 1 mil in cash or 100 mil in cash or billion dollar empire :)  One thing is certain unless you inherit wealth it takes some amount of work to obtain it.

My managment company has made more than a reasonable amount of attempts to get the HOA to have this repaired. 

So my question is, if you were in my shoes, where would you start if you had $150 cash with good credit?

If you read all of this I'd really appreciate some candid feedback.I live in Snohomish County, I'm a Navy Veteran, have a stable W-2 making about 80K/yr after taxes, and have a modest amount in savings.

However, I do like the idea of bringing less cash to the table.Any thoughts between these two options?

Eventually, I’d like to start using the cash flow to pay myself and work toward replacing my day job income.

For example, what would the cash flow be like after you renovate and lease out at the new rates?

John Hickey congrats on buying a cash cow.

We were just happy our first and second mortgage was going to be covered and have a little cash flow at the same time.