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.

What's the point of getting cash flow if you lose all your capital?

I understand they can make our life a lot easier but is it worth it if it eats up a lot of our cash flow? 

Purchase price: $115 Cash invested: $17,000 This is my first fix and flip.

You will NEVER cash flow while living there but have a chance of cash flowing when you move out.

The investor either gets a loan or buys the property in cash.

When you say you want to prioritize cash flow over equity, you want to watch out for people honing in on that and selling you "good cash flow" deals which will be in D neighborhoods and will come with high capital expenditures and harder tenancies.

Here’s why Oklahoma might be a great market for you:Affordability: Properties in OKC and Tulsa are often under $200K and offer strong rent-to-price ratios.Landlord-Friendly: Simple tenant laws make managing rentals easier.Growing Economy: Job growth in energy, tech, and aerospace fuels rental demand.How to Evaluate Deals:Run the Numbers: Ensure positive cash flow, check cap rates (6–10%), and use tools like the BiggerPockets calculators.Find Deals: Network with local wholesalers or agents, and look for value-add opportunities in stable neighborhoods like Edmond (OKC) or Broken Arrow (Tulsa).Let me know if you’d like tips on analyzing properties or finding deals!

You have to be able to have the full amount in cash within a few weeks of the auction.

My next question is what kind of cash do you have available?