Philadelphia, PAList price: $1.035MUnits: 23BUILDING SIZE: 16,236 SFGross Income $188,760Operating Expenses $100,614Net Operating Income $88,146Pre-Tax Cash Flow $33,515Rents vary but the average is $668 and there is value addBy my figuring I'm looking at: Monthly Income: $15,718.00 Monthly Expenses: $13,487.39 Monthly Cashflow: $2,230.61 Pro Forma Cap Rate: 7.14% Cash on Cash ROI: 2.27% Purchase Cap Rate: 8.73%Do you all think its worthy of continuing to pursue further?

Property cash flows about $700/mo after the mortgage and expenses.The property does need some work to attract better tenants in the future and to make the property look more appealing.

I like hybrid strategies where you look for value add opportunities in cash flowing multifamily properties.

Just wanted to see most expensive homes people have purchased that actually cash flow?

My goals are to get into buy and hold real estate and earn extra passive cash flow for my family.

If financial freedom is your goal, you might be surprised (or bummed, or both) to find out that you're unlikely to pocket any cash flow every month house-hacking in LA.

. = $5510% MGT fee = $110Mortgage = $253, 20 year amortization @ 5% Taxes $116 per moInsurance $75 per mo total = $719 per mo2% rule = 2.20%Capex = 15%CoC = 33% (turn key, est rehab to be $1000-1500 - new appliances, needs a few new doors) , $2000 closing costs, $10,000 down payment) The duplex does only have 1 furnace and 1 water heaterMonthly cash flow = $381 Am I missing anything? 

Not so much 1,000 cash flow (I also assume you are talking about actual net income after expenses, including ongoing repairs, management, replacements).

HI I purchased a home in a multi unit (R4), high density zone.I am currently renting the house cash flow is just $50 after mortgage payment.This house has a big workshop in the back with a high rise ceiling, brand new roof, electricity and water.It sets in a half an acre lot so I am able to rent the workshop and land for $700 a month Total cash flow on this property is $750 a monthI'd like to enclosed this workshop (it has 3 brick walls already built) and make it into a livable place.I can still rent the land and keep the cash flow at about the same amount ($700).However there's no sewer  at this house just 2 septic tanks attached to the main house.Workshop will need:windowsanother walldoorscooling and heating systemBathroom etc...I can build build more units attached to the current workshop since there's so much land to play with but i have no idea of the cost.I purchased this home for $150k in 2016I owe 143Klast month I paid for an appraisal and the current value is at $185(flooring was the only improvement at the house).Question is should I refinance and bring in sewer line, build more units or live it the way it is?

Rentals are like acres of land - more isn't better.I beat you want cash flow more than rentals.