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The property is paid for by cash (clear title under LLC name) and has been generating healthy cash flows.

The equity in the larger would allow for an all cash purpose and in the end the smaller one would cash flow better.  

I am interested in an area that has good cash flow prospects and opportunity for growth.

I've got a 3/2/2 I bought in January and it's cash flowing $500 a month.

If you can increase the income through a legally zoned apartment you will increase the value of the building not just your cash flow so its at least worth pursuing. 1) Call your local zoning board.

It works out well because the deal flow is all investors, and you don't get the same thing at the standard brokerages. 

There is a massive amount of other things that I have in mind that are all connected to this real estate investing adventure, but for now I need a flow of income to get the first steps started.

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe 10X RuleThe E-MythThe 4 Hour Work WeekBiggerPocketsPodCast -I hear #136 is exceptional!

I still have that property today and it continues to cash flow quite nicely.