I am interested in potentially investing in the South Side of Chicago as well.

Understanding the potential value of your property you can then start researching the potential for doing a HELOC & know how much you can pull out of the property to support the strategy of purchasing another home for either a flip or a rental4.

Peace ✌🏻  You have the potential to earn more money if you do the rehab, source the contractors, determine the ARV etc.....You also have a higher risk of failure.

., and potentially delay the SFR purchase plan according to the status of the investment.It's a hard decision to make since the economy this year is a bit flaky.

And there is no need to guess at it or pretend that Cash Flow has to be completely positive all the time.What I'm trying to do is to bring this horse (the Cash Flow Only crowd) to the water, but I cannot make them drink (educate yourself in the calculations so you don't have to be afraid of a negative cash flow).To me, if you buy based on either positive or negative current cash flow, then you are just not taking into account the true worth of your potential investment.

The Harrisburg area has a lot of investment potential.

Alternatively, you can just create a spreadsheet that only has leads that have potential, and just copy the information/write notes on it.Podio, Zoho and monday.com are popular CRMs out there.

The areas that cashflow better will typically be more difficult to manage, but with that said, there are definitely cashflow potential areas around town.  

You just need to weigh the alternatives and evaluate the potential risk/return.  

Now tell me which is cleaner, nicer and has a better potential for a higher return when you go to sell or refinance.