Germantown has better cash flow potential but may require more hands-on management.

Then you 2 would agree on how you would split the profits once the property is generating cash flow and the original equity is returned.

This creates an initial negative equity position that consumes the initial cash flow, sometimes for many years.

Ohio & Michigan were recently highlighted in the rust belt as good values that cash flow. 

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

Many people in consideration of #2, take steps to protect the assets so that Medicaid cannot take those assets like a home.

The cash flow either way.

Just because you want to hit a specific number doesn't mean the market will meet you there.Great example of how Class C properties may appear like great cash flowing investments on paper - meaning fully rented, paying on time and normal levels of maintenance.

And not to mention no stock matches the dividend rate one can get in real estate with such low risk/volatility. 20yrs ownership, oh-yeah, cash-flow on renting it would be HUGE now so it's easily comparable to a 20%+ monthly dividend, if not more.

They might not be great for cash flow but might be great for long term capital appreciation especially when you use leverage.I’d rather own a $1M asset that breaks even but appreciates consistently by 3% than own a $100k asset that cash flows $3k per year.There’s power in investing in or near your backyard.