I plan on renting a unit and probably getting a roommate or two in my unit to maximize cash flow early on.

Im just putting deals together and working on finding a new project for myself.

I was looking to put 80k cash into then refi afterwards and possibly getting 130k. 130k on mortgage would be close to $800 only leaving $200 in cash flow each month. 

It is really good that you are trying to find a focus.

If you find an actual property that looks like a homerun and would warrant a HELOC, then you can go for it without reservation.

@Matt Tortora For cash flow? 

This is what the buyer said.1: We agree to sign a deed in lieu at closing.

Quote from @Marc Zak: In the market where I live (San Diego), appreciation has been strong and many predict it will continue to appreciate in the long term.However, with current interest rates (6% at best) and property tax (2%), the annual cost burden is 8%.Am I correct in saying that appreciation has to be above 8% annually (plus whatever my maintenance and vacancy costs are) for me to make any money in this scenario if the property is cash flow neutral?

Stabilized in late 2024 and will be seeing about 900 in monthly cash flow.

Would love to connect and help you with finding some on/off market deals and introducing you to property managers.