Therefore , the down payment amount has to be higher so the property cash flows to break even.  

If that leaves you wondering "How the heck will I ever find a property that cash flows well?!?"

In a way it feels like the City is making it more difficult for landlords to hang around because yearly inspections with a laundry list of repairs makes it real difficult to cash flow when my cash flow is just being held for the future, inevitable inspection.My opinion/thoughts.

Cash out refi than Selling: I have a rental property I owe 60k, appraised 220k, I can get 168k cash out and pay off the 60k to have 108k in cash… now if I turn around and sell for 240k.

Even if I found one, the cash on cash return is very small.

Your property will not cash flow.

You only need to put 15% down on each so between $30K to $40K and save the rest of your cash for renovations.

The reason I ask is it seems like everyone wants to be a rei until it is time for cash to leave their hands.

Factor in the cost of property insurance and taxes, as these expenses can impact your cash flow.

Great fixer up opportunity or to start generating cash flow as it is currently vacant.