The capital required for Denver, and limited cash flow makes it a tough market to get your next one.

This would allow for a longer carry back with up front cash flow.

Hi BiggerPockets Community,I’m looking for advice on breaking even or generating positive cash flow with my studio condo in Prospect Heights, NYC.

Since you’re already networking and have some good realtor contacts, focus on narrowing down your investment strategy (like buy-and-hold or house hacking) and target markets with solid cash flow potential.

Also at some point I want max cash flow and minimal risk to that cash flow.

However, given my budget, I’m worried about cash flow, although I do see this first investment as the start of what I hope to be a snowball.

We have invested in mobile home and multi-family syndications, and we want to diversify into a different segment with good cash flow and some growth opportunities.

So he's cash flowing well on it, he's acknowledged that my situation will be different so I might need to raise rent.3) I think these are all valid questions, but the owner raised these himself too.

That being said, your typical cost of capital is as follows:EquityAgency debtBalance Sheet local lenderDebt FundPrivate DebtPref EquityHard Money DebtBookie/Loan SharkOther things that will impact capital sources: are you wanting to finance the improvements, or will you pay for those from equity/cash flow?  

I'd also suggest self-managing your first property to maximize cash flow and learn by doing for any future investments.