Just make sure the other two assets can still cash flow with the debt you put on them.I have an 10 unit commercial property that is basically cash flow neutral because of large Capex expenses that come up every year.

NJ is a big one—places like Newark, Paterson, or even smaller towns have better cash flow potential.

Is it still not recommended to invest in this negative cash flow property. 

And the changes, such as regulation, city development, traffic flow, building views etc happen very quickly. 

Quote from @Wade Wisner: To respond to your questions:  Doing more would mean purchasing performing or non-performing notes at a discounted value.I wouldn't be investing in your $$ range, but am looking to build equity or cash flow,The returns that I get in fix-n-flip deals range from over 20% to 50% or more cash on cash so notes would be competing with those returns. 

I know a lot of investors have done very well in Peirce County but I just haven't learned or know enough about that market to make an investment there.Washington state properties are expensive and can be difficult to make breakeven let alone cash flow at this moment due to the combination of high prices and interest rates. 

(May also cut significantly into the current cash flow on it)I know you mentioned not doing a HELOC on my primary, but wouldn't it be advantageous to have the ability to pay off the line of credit instead of be stuck in a payment that is much higher? 

That being said my residential rental will have a positive cash flow of $500 and I plan to rent out this other side of the duplex immediately and will have a balance of 600 to cover for the mortgage.

Assume break even cash flow while rented which includes a generous $600/mo repair fund. 

They try to source deal flow, and raise the capital for the deals.