I'm getting $300 cash-flow per unit after everything, but I'm more in it for the long-term appreciation.

A block can transition from appreciating to depreciating within ten houses so you have to learn where it is ebbing and flowing.

@Jordan Moorhead I know of many single-asset syndications as well as funds that pay distributions but have negative operational cash flow.

Cash-flow is for "keeping the lights on" as in covering operational expenses to defend against any need for additional capital investment. 

I wanted your typical 3 bedroom house (not necessarily 2 bath) which cash flows.

We're contemplating allowing pets, as there will be no other roommates besides us and we don't have any allergies.Questions:- Considerations for Allowing Pets: What factors should I take into account when renting to tenants with pets?

However, the studio unit was only rented for $800, which is affecting the overall cash flow.

Diversifying geographically can also reduce risk and increase long-term returns.For example, there are several markets across the U.S. that are ideal for new investors because they offer affordable entry points, reliable cash flow, and strong economic fundamentals.

I have reviewed their properties which is in line with the type of assets I like to own for cash flow. 

You’ll want to get really familiar with local zoning laws, short-term rental rules, and landlord-tenant laws as they vary by town if you plan on going the STR route.Focus on Cash Flow Early On: You might be tempted to go for something that appreciates quickly, but in the early stages, it’s important to find properties that bring in cash flow.