My short term goal is to try to master wholesaling and then move into cash flow properties.

That is speculating and not investing.Numbers work going in and the rest is icing on the cake if it happens and if not you hit your goals anyway.It seems the primary reason you are buying is for a home for the family to live in so the investment portion seems like a much less important detail than the emotional component from what you have said so far.Maybe just view this property as a happy family home purchase and then if you like the area once you live there look around for properties where you buy just off of investment from the additional cash flow with the low mortgage payment.

A 10% cap rate is commonly used, but is a generic number.

My goal is to ultimately invest in multi-family units and eventually apartment buildings.

I am using real estate as a vehicle to reach my goal of financial freedom.

Mainly been investing in the Orange County area for the past few years but not really aligned with our goals any longer.  

Now its time to really get started.My overall goals are to build sustainable wealth with real estate while providing a service to the general population in the form of property recycling (bring properties back to usable form for the public) and buy and hold rentals (providing solid housing for people and families).As far as progress, my wife and I are currently in our first house hack - living in, refurb, plan to rent.

But choosing to get high over doing what needs to be done to achieve your goals is not good.

My goal is to buy and hold (rent the property for income).I’d like to get feedback from experience investors.

My goal is to replace my income within ten years from the cash flow from the rental properties I'll be buying.