Contemplate reasons an owner would want to sell an income producing property, AND be willing to finance and wait for the full balance? 

Yes, it is recommended that you offer the exact same policies and procedures to all your tenants.

My guess is that neither option will produce positive cash flow based on the purchase prices.

@Blake HornbrookI would definitely stay away from big banks such as B of A, PNC, Wells Fargo, etc. only because there is so much red tape around leveraging them to acquire income producing properties —especially in the beginning stages of building an RE portfolio.

My gut tells me to try and flip some median single family homes, build up some short term cash for my entity that i can then leverage to start investing in larger mutli-family/apartments than will produce cash flow and ultimately put me on path towards being able to leave my current career and fully delve into investing.  

So I finally have my down payment for my 1st rental property and I'm scouring the market to find a good deal in a good location that will produce a positive cash flow .

Analyzing AirDNA, such homes can produce $60,000- $80,000 a year, much more than mortgage payments would be.We are hoping to get money for down payment out of equity (around 200K) we have in our first home.

You mentioned the ability to have a cash flow producing asset so that you can ride it out until interest rates make sense?

Just expressing some thoughts on this potential deal and curious how others wouldMove forward to produce a win/win end result.

Purchase price: $17,200 Cash invested: $1,500 Sale price: $29,000 we found this house from a landlord that wanted out of the business. the home needed a simple paint job. after a new paint job we placed a quality resident in the home for $650.00 mth producing a 13-19% roi.