In hopes those cash flow and produce appreciation to then leverage.I am leaning toward buying a 100 - 120K property, which would wipe out my emergency funds.

Purchase price: $420,000 Cash invested: $25,000 Income Producing Conforming Triplex in Fort Lauderdale.

Make sure that the mechanical closet is vented to the outside if anything in the closet produces CO2, put in a closet, have either 2 doors or a door and window that is large enough for escape in case of a fire. 

I would start by researching top producing agents in the area and reaching out.

One bad tenant could eat up two years of profit without even trying.If you have $70k in equity, I would seriously consider selling the condo and buy a multi-family that produces a better return.

Fast forward 3 years, I have 2 new roommates each paying me 750 for a room, and a tenant downstairs paying 1300 a month producing an AWESOME cash flow.

Well, first Brett, HGTV producers manufacture a lot of "catastrophes" into episodes to make the episode dramatic.

But if you're not all about cash flow and if those properties are good producers then biting a bullet to take care of the cap ex issues now for another 10-15 years isn't a bad idea either.Personally I'd lean heavily on what my true ROE is from net cash flows. 

However, mobile homes can be very lucrative in producing positive cash-flowing investment properties without the big price tags.

I own a rental property that has a lot of equity in it but the bank tied a summer home onto it and now will not do a cash out refi because the summer home is personal and is not producing any income, I wanted to refi and have summer home stand alone.