I am located in north Jersey 

One location and 4 rents How could you go wrong 

While I am normally in the do-not-sell camp, in this case it might just sell and buy at the new location.

Sadly, it seems that cash flow on long term rentals with 20% down just does not exist in most desirable locations.

In what zip code is the property located?

Quote from @Ven Bud: After hearing to lot of bp episodes on negative cash flow, I have a question.I am currently living in my primary residence and planning to purchase an investment property, and obviously it is going to be a negative cashflow (bay area), but I am of the opinion that as long as the rent on the investment property is atleast going to be greater than my current primary residence mortgage it can still considered as positive cash flow investment.The investment property is going to be in a much better location (for office commute, bay area proximity) than my primary residence.

Timing and location critical Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

In those days it was possible to locate and tie up a “killer” deal, and close the transaction with absolutely zero of the investors own money.

Opportunity in fantastic location How did you find this deal and how did you negotiate it?

I’d love to hear your thoughts and advice on this Team,more information here....Property Location: South FloridaRent 1 unit $1500Rent 2 unit $1200ARV: $500kPurchase price $380-385k.