Make an offer on it at a number that makes sense for you and is cash-flow positive.

But each month, I have a decent cash flow.

There are some lower priced (I understand "cheap" doesn't always mean "value") condos in my area, and after running some numbers, I feel I can rehab and rent them out to cash flow in the low hundreds (after expenses, commons, etc).Anyone have experience in this before?

When I purchased my duplex for house hack it didn't cash flow but I saw the potential and i knew that I can make it cash flow in a few years.

APR is @4.5 30 year fixed.So as you can see, they're cash flowing nicely.  

The question is why develop a park when you can buy a functioning one for less $ per lot and with positive cash flow?

I would like to use a HELOC for the down payment for the property and I only have a few thousand is savings at the moment.If I'm buying a property for around $80k-$100k that cash flows $100-$200 a month after vacancies,repairs,etc then based on the above what do you think my odds of being accepted are?

Or have you thought about buying a property where you are able to afford the downpayment and keep the cash flow for yourself?

Base on these and the current mortgage it should cash flow about 100 per door.

Fully landscaped yard maintained by the HOA.Down Payment: $0.00 Loan Amount: $203,000.00 Amortized Over: 30 years Loan Interest Rate: 3.625% Monthly P&I: $925.78Monthly Income: $2,200.00Monthly Expenses: $1,949.20Monthly Cash Flow: $250.80 Pro Forma Cap Rate: 4.97%NOI Total $14,119.00Cash Needed $4,000 Cash on Cash ROI 75.24%Purchase Cap Rate 6.96%