Will be paid in cash.

Total build costs of 600k )this includes lot, soft/hard costs, and 60k overhead recovery to my construction companyAmortize @ 20 years, all expenses equal gross rents so break even cash flow.

If you use a Cap rate of 7%, the $702 cash flow on one unit becomes $10,000 added value. 

I will need to finance most of the purchase, but if my numbers are correct, it would still generate cash flow even with 100% financing.

When it comes to cash flow versus appreciation, there's a bit of a trade-off.

.- I have about 150K available for a down payment, any suggestions on the type of property to target (cabin, condo) if the goal is to be around cash flow even?

I got some marketing material from Choice Hotels (Comfort Inn, Quality Inn, Econolodge, etc.) at a franchise event that basically said you could purchase one of their hotels with as little as $250,000 cash and financing could cover the rest.

The rates for a purchase money loan (one where you take the loan out to directly acquire the property) vs when you do a "cash out refinance", which your loan would be if you chose to pay off the line with a loan on the primary residence, it typically done at a higher rate.

I've bought duplexes where the cash on cash was great on paper, but after expenses, vacancy, residents not paying, cash flow disappeared.When you analyze a deal, the numbers are super important.

You need a bucket of cash for reserves, emergency repairs, or leverage to find/buy/create a good deal.