Between the equity on the condo and the extra cash you have, you can purchase 2-3 homes. 

If you buy in a good market, appreciation will beat cash flow every time. 

Despite wanting to handle it a few other ways I reached a small cash settlement with him to drop it.

As a private money broker, I strongly advise real estate investors to be cautious and avoid any lender that requests upfront cash payments.

In my home market of Florida, our insurance rates have made it much harder to have positive cash flow on a CRE deal.

Additionally, based on your numbers, it should definitely cash flow. 

In this later scenario, you need all cash, just the same as if you were doing this old school style at the courthouse steps. 

I plan on getting a property every year until I retire if I can find a good deal that cash flows positively.I have a very close friend whose stationed in Columbus GA whose a real estate investor and owns rentals there!

Purchase price: $302,500 Cash invested: $5,000 Utilized VA Loan for a House Hack for my first Rental Property.

.), maybe showing how much equity could be pulled out of which property when, whether the portfolio would still cash flow, etc.