Background: My wife and I live in San Jose, California, where we are renting a basement apartment from family for a great discount. Both of us have corporate jobs with decent salaries, so we are saving about half of o...

Have you done any other investments and do you have any strategies you plan to follow when it comes to investing in the future? 

I am thinking of changing my exit strategy from my typical BRRRR to a little fix and flip to generate some side income.It's like I am thinking of hitting the reset button to find better results elsewhere.

That is a great strategy.

There would be dozens of others who would NOT require that.  

It is best to have both options as exit strategies.

I calculate around 90k-120k per Multifamily unit.You can develop a strategy and a model unit and continue to make that same unit for the next projects.

My question: Should I still pursue this strategy if the rental calculations show close to no cash flow?

They started by focusing on the ONE strategy that spoke to them, in the ONE market they knew or targeted, with the TOOLS they picked up - and they learned along the way.

This time, in a "buy and hold" strategy, needs to be converted into sweat equity.