I finally found one where I've made an offer and the seller accepted (a few days ago) I just want to double check that you guys think this will have positive cash flow.

In reality, you're still not in too much of a worse position than you placed yourself in, because after all, it hasn't been coming out of your pocket (so far).The question remains: do you still have any equity left in the property?

UNLESS, and that's a big UNLESS, its on a prime block and already being professionally managed with a positive history for at least 2 years.I like @Jeff Burdick's recommendations. 

Seeing first hand the positive changes this made for her, I have to admit I understand why she wanted the dog.

Luckily, my wife and are living very frugally and are able to live on my base salary while saving all my commission checks.After reading the book, I’m now determined to achieve financial freedom!

Know your position in the market.

Min CF/Year                                                                                    =    $ 130kCost to do this (Tenants pay off all mortgages using rent)     =   $     0kNet result                                                                                        = - $ 130K (that's positive CF/Year)  

It does cash flow but primarily because the equity position is high and the prop 13 savings.  

@Austin Hey man good to know someone else is in the same position as me too!

Hi my bp family .I'm getting ready to start in the real estate world ,I'm going to lay out my plans with you guys an hopefully get some positive feedback .i own a home that's free an clear an getting ready to finish my basement an have it rent out with plans in pulling out a equity or heloc an have the proceeds from the basement unit to cover the expenses which I plan then too invest a portion from the equity on a multi family also I forgot to mention the basement unit will be legit as far as the plan goes I plan to rinse an repeat this method any suggestions,or am I  missing something your thoughts will be gladly appreciated