People want a sense of that flow before they book.

If the loft area reasonably accommodates both pieces of furniture and still provides a living area that flows, why not?  

In Fall 2022 I bought a 3/2 (half of a duplex) in a neighborhood that’s in the early stages of up and coming, my thought was to get a rental to break even or lightly cash flow and appreciate over time as the neighborhood improved.

Identifying a d purchasing properties that are undervalued due to under market rents caused by owners with a lower purchase basis that are terrified of losing tenants and raising rents, will definitely provide you with immediate upside appreciation when adjusting rents to market rates as well as covering all your holding costs and a cash flow reward every month. 

It is rare that municipalities permit new mobile home communities and financially, unless you have extremely deep pockets, buying a existing community with cash flow is preferred since a new community with no homes and no tenants will take many years to come close to even breaking even from lot rents.  

I would like to buy an asset that produces significant cash flow.

@Ozlem Y.Cash flow breakfast is a group, I have not gone to one but see them posting here on bp

some people take into consideration things like landlord/tenant -friendly states, where they'd want their kids to inherit property, higher-appreciating states, crime rate, climate, MTR/STR potential... sooooo much to consider here! 

This alone leads me to believe it is distinguishable from our hypothetical but then add in that that part of the consideration for the contract was an agreement that the vendor would share in a portion of the goods produced in the future and the fact pattern diverges even more.Since the vendee could not comply with its obligations simply by signing a document i.e. a deed, the breach could not be resolved by specific performance.

so if you buy a high quality property in a great neighborhood and put 15-25% down... it's probably not going to cash flow for several years.