Even if you are getting neutral cash flow from a good tenant, youre better off than with some positive cash flow and a destructive tenant. 

Since I would be doing all the work and he would just be providing money, I suggested we split the cash flow 25/75.Ya, "just" the money, eh!?  

I have an apartment building that I want to purchase its annually cash flow is $66,300.  

Chances are, you will never have any appreciation in that area, and will possibly have negative valuations in the future, so you'll need cash flows (matching those CAP rates) to make the investment make sense.  

Past cash flow history?

I'll need a place to live when I get to TX, so I was thinking about getting into a 4-plex and hopefully living for free at the least, if not making positive cash flow.

I'll need a place to live when I get to TX, so I was thinking about getting into a 4-plex and hopefully living for free at the least, if not making positive cash flow.

Exterior looks My analysis:estimated purchase price of 110,000 with 20% downApprox 10,000 in repairsAbout 37,000 cash needed2375  Monthly income (1274 for 3 bed and 1100 for 2 bed) - depends if I would continue to let tenants pay utilities or not - this example i'll let tenants pay utilities2375 -  Monthly expenses 1564 =    $811   Cash flow!!!

Sicne leaving the navy I have a ten year plan to generate enough cash flow such that I can start my own business and not have to worry about pulling money out of the business to support myself. 

I was wondering if anyone had recommendations on cash flow markets around the NYC area.