Now we are considering selling it to buy a more cash flowing property.

We'd estimated rent to be around 4000/month – after mortgage payments and property taxes, we'd be left with only $700 per month of cash flow.

After all expenses, including CapEx it generates around $950/mo in cash flow, not including debt paydown.

If you are able to cash flow (at least after moving out) at 3.5% down, then this seems like a great idea - you can put in 3.5% down (3.5% of $550k is $19,250)) and rent out all units after 1 year.

Not sure what your price point is, but all of our new construction in the KC metro slowed down considerably over the last year.

Introduction: Real Estate Investing can be a lucrative venture, but deciding whether to go solo or form a partnership is a crucial decision that requires careful consideration.

Whether it's tips on promising neighborhoods, market trends, or considerations for property management, your input would be incredibly valuable to me.If you're a local real estate agent familiar with the Binghamton area or a fellow investor with insights to share, I would be immensely grateful for your guidance.

People can come here and purchase property for less than $100k that cash flows so people have been coming in droves and buying things up. 

Obviously, not everyone will agree or will totally comprehend because they are in different situations in life.To sum it up: I/O will get you better cash flow, into more deals, and will allow you to grow faster and leave the W2 sooner.Here is what it means: Better cash flow equals higher purchasing power in future deals.

As long as you conduct your due-diligence well, this property may be a good cash flow property, but personally there seems to be a lot of risks.