Updated the kitchen, repainted the house, and replaced the roof, as well as cleaning up the landscaping.What was the outcome?

I’d like to be able to cash flow at least $150 per door for multi families, but a minimum of $450 per property.

Houses are pretty cheap and can offer good cash flow.

We'd live there for 1 to 2 years while saving on not paying rent and building equity.After that, my first milestone would be $10k in cash flow per month within 5 years. 

When I find a park I literally have to make a formal financial presentation to her showing all my research, park's financial history, cash flows and anticipated proforma (and that had better be accurate and conservative or everyone in the room catches hell- including the dogs). 

The only way this would cash flow much is if I rented by the room I could rent it for about $750 per room if I added the 6th bedroom in the basement.

There's a corresponding FB page with a lot of deal flow, also.

If my short term rental is not a positive cash-flow could it still be a good investment given the tax advantages?  

After all lenders and agents will be motivated to keep deal flow churning and not have a stagnation period where all first time buyers sit on the sidelines saving extra for their down payments. 

They broke even for a few years, but as rents have risen, we've seen better and better cash flow (and the appreciation on the property values have been nice).