You could also do a cash out refi.

Purchase price: $80,000 Cash invested: $80,000 This is a reno- adding a 1 bedroom unit to a three family home.

Yea the area doesn't look like it will appreciate much, I mainly look for cash flow.  

Cash flow has been hampered by an increase in cost of ownership recently, specifically insurance. 

I suggest you buy fewer but better properties for better cash flow and appreciation. 

Let's of NYC investors look at other cities in NY, Rochester, Buffalo, etc... they can drive to them to see them, and they know the state well enough to feel comfortable.Most of the rust belt cities in NY offer cash flow as well. 

Great option for buyers financing with VA, FHA, conventional, DSCR, or cash of course (no seller financing).The listing will be available starting in mid-February and most likely won’t be on the market for long so shoot me a DM for additional details and I’ll be happy to chat!

Would love to connect and share insights on building a hands-off, cash-flowing portfolio!

Usually there's a lockup period (often three years) in note funds, so you can't use that cash to do direct note investing.  

Harder to cash flow due to 25yr am vs 30yr standard.