There are only 2 ways, as I see it in the current market, to get actual income/cash flow from a rental property - a paid off long term/mid term property or a well bought short term or rent by the room rental.

You can also elect a 40 Year with the frist 10 Years as an I/O interest only or I/O 5YR ARM versus the 5 YPPP and just take a 2or 3 YPPP that should help maxmize cash flow.  

In almost all investments, you should have a solid base of reliable, cash-flowing, and hopefully appreciating assets before striking out into something new or riskier. 

Our bank will let us use equity that exceeds 25% across multiple properties that are either owned free and clear or where they hold the first so long as the deal still cash flows with however much cash is brought to the table.

@Nate WilliamsWith one income, two kids, and limited cash flow, minimizing risk is key.

I paid $62,000 for it and it's generated me $1,000/mo net cash flow like clock work ever since.

Possibly some questions to ask yourself: How much higher is the cash flow in Akron?

Are you looking for immediate cash flow or longer term appreciation?

I have some brand new homes in Phoenix that cash flow with 25% down.

On one hand I like that it will probably cash flow (we expected to break even at best) and know there's issues with canceling reservations.