John Hickey congrats on buying a cash cow.

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

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

You can have two houses within a quarter mile of each other with vastly different ARV and rent amounts.

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

This is a significant down side to me as a long term investor as it basically wipes out your cash flow. 

If you were limited in cash reserves atleast you'll have the HELOC as a 2nd or 3rd back up source of funds to weather storms.

As long as the business portion of the land is at least equal to the amount of your sale  that would satisfy your exchange. 

as is prop value 75k and minimum loan size of 50k. as long as its turn key 30 year fixed is available. yes there are some fees and rate will be a touch higher. if it cash flows get it closed.

So cash flow isn’t the biggest concern.