I've gotten my bearings and have a cash-flowing triplex banking a little over $1500 / month, and am starting to look at acquiring more properties once I can find another good deal.

thx for the ref John.sub market with good secular trends, good cash flow, and  attractive tenant pool are some initial reasons for exploring Terre Haute.

All told, there was about $900K in cash and a $1.8 million loan into our deal.

Hi Zak,What is your specific cash flow goal?

@Drew SygitYes, the obvious answer would be to get a property that cash flows that amount.

On the plus side, there are some we could just pay cash for so no financing cost.

There is a lot of cash flow that will come to me immediately after purchase from all the current renters in the building, boosting my income and will be more than enough to cover the mortgage and expenses. 

If I don't use those contingency funds for the roof work, I'll need to fork over an additional $5K in cash.

Given your cash-on-cash is only 1.8%, that appears to be the case.

Do you think I am wasting my time for this for 34k profit if I am spending close to 25 k in cash?