Whether it still makes sense will depend on how much you can defer vs. the basis.

And it also depends on what you mean by 'cash flow.' 

Depending on the market you invest in, you may have enough to go all cash on the first deal and refinance to put money in the second deal. 

@Edgar Duarte Depends on if you prefer owning real estate or want to be invested in the stock market.

This process usually takes anywhere from 30-45 days depending on the county.

or just explain as in a demand.it this 40k gross or Net.average rentals these days produce either negative cash flow or 100 to 200 to 500 a month positive depends on how much you put down. if you pay cash much higher.but lets do average 200 month positive and lets say you meant to ask NET cash flow to live on. then you need to take 40k divide by 200.00 and there you go you need 200 doors .

Depending on how much money you're willing to pay, it might make more financial sense to use another platform.

Generally speaking, these are roughly $1500 / pier give or take depending on the crawl space height.If you need anything - feel free to reach out to me (contact info in bio).

Colorado is pretty dependent on tourism. 

Quote from @Alex Clark: Looking to buy a property in Ohio Depends.