My goals are different than what it had been - yes, we want cash flow but I want to cut expenses and earn future income and equity for my children.

At this point, the property exhibits completed updates, increased revenues, and appreciation.So, the best use of investor capital is to sell the property so that they can seek their next investment project.Once the sale is complete, investors get your original capital back, plus a percentage of the profits.While slow & steady cash flow can be nice, selling the property allows investors to multiply their equity faster over time

I have a duplex, which has decent cash flow in the south end.  

That home is meant to be a rental after I leave it this year or next, and it'll certainly cash flow very well, but I should have put less down and bought a few instead.

Combine all of these factors with typical location considerations.

Ensure you have a property management strategy for when you return to Charlotte.Legal and Tax Considerations: Consulting with a tax advisor and a real estate attorney will help you navigate tax implications and ensure legal compliance in both your investment and rental activities.Short-term Investment and Return Plan: Since you plan to return to Charlotte after a year, consider the short-term nature of your investment and its implications on your overall strategy.In summary, your strategy has potential, but success hinges on careful planning and navigating the financial, legal, and logistical aspects of real estate investments.Good luck with everything,KC 

There are some missing pieces of data needed to make an in depth analysis from where we sit and give you more sound advice, however I own/manage property in Tampa which is a highly producing market and:- With $300k to play with you can acquire a $1M property or more which does provide the best cash flow- On a $1M acquisition and $200k (or less down possible) you can achieve 10-30% CoC returns, likely 15% inclusive of management is possible.- Do not forget about appreciation, which is where the real wealth comes from. 

The home appreciates every year and it cash flows.

It's not so hard to manage an LTR from close by but if you're thinking of being more than an hour away, you might also need to factor in PM costs which might take away from your potential cash flow. 

However, there can be several cons and considerations to keep in mind:Seasonality: Rental income can be highly seasonal, with peaks during certain times of the year and potential lulls in others.