I came up with a goal of having one property by the end of the year that cash flows at least $100 a month after all expenses.

If you find an MLS deal that can cash flow, and you can get appreciation, pretty good.Good Luck with the inspection!!!

Use the HELOC on cash-generating opportunities like flips, then use the cash generated to buy long-term buy and hold investments. 

Bringing uneven cash flows back to present values to cover debt service and ROI can get to be a complicated issue.

You didn't write how much 'sweat equity' you put into this place, but it was likely well worth it given the $400K cash out.  

Otherwise, I think it is a good area to buy, it should cash flow as an LTR on day one (unlike other places nearby) and it is a nice community. 

There is risk that the parties won't agree to return the cash held in escrow.  

From a financial perspective, the numbers look attractive—many of these properties show a Cap Rate of 6%–8% or more, which is quite decent.For example, if a Dollar Store property is listed at $1.2 million with an average Net Operating Income (NOI) of $90,000 per year, financing 50% with a 6.5% APR, loan would still result in positive cash flow from day one.

When considering single-family homes (SFH) or small multifamily properties, it’s important to analyze rental demand, local property values, and rental rates to ensure you’re getting strong cash flow potential.

Quote from @Roland VanLoan: Were you able to find a property that would cash flow?