The less risky/more logical avenue seems to be to LTR one unit for more predictable cash flow and STR the other unit to create availability for my relatives when they come to visit.

I am guessing they do everything including cleaning themselves and must have paid all cash.  

It will also depend on the amount of capital you invest, if you buy in cash most properties will cash flow.

When you look at the illustration, the 1st year Cash Value should be 85-90% of the Premium.

I'm looking for the lowest entry-point level to generate cash flow and learn the real estate business.

I have a 12 unit and would love to tap into some of the equity without having to do a cash back refi.   

My strategy is to invest in rental properties for cash flow and consider flipping opportunities when appropriate.As a beginner, I'm seeking guidance from experienced investors who can help me navigate the landscape and avoid common mistakes.

Not sure how anyone starting out can break in without being rich or cash heavy.

Purchase price: $60,000 Cash invested: $30,000 Sale price: $164,500 Total Remodel.

thats what we call a cream puff loan  I assume they are putting 200k in cash down ??