Purchase price: $140,000 Cash invested: $140,000 ARV 375,000...currently making monthly interest only payments to investor...using as primary res....Will refinance in a few months and use equity for other investments.

That increases my monthly cash flow and it boosts the value of the property to increase my equity.The downside is that it can take a lot of work, time, money, and patience. 

Is it worth the risk to purchase a property that will not cash flow immediately?

Purchase price: $410,000 Cash invested: $150,000 Sale price: $665,000 This asset was purchased along with a multifamily community as it was on the neighboring parcel.

I have taken biweekly when my tenants had cash flow issues.  

If you're positively cash flowing with a prospective property, don't wait.

They only get reversed when the bank attempts to cash it and discovers the account was closed or has insufficient funds.This is real easy.

Would it be consider as an appreciation market yet or just more like cash flow type of deal (since housing price is still fairly affordable)?

I was able to let our bookkeeper go, saving over $500/mo in the process! 

If it does what ours does then you can make a decision. our two houses are about 1.5mm together - maybe with a $2mm house you will have a little more responsible guests but I doubt it as there is always one person that screws it for everyone.fortunately for us, the dip in income didn't impact us because we bought with cash but if they have that pressure it may make a difference