I could fix it up to rent again and have a $350 a month positive cash flow.

@Mike HannemanYour post was overly dramaticYour property is done and rented so either eat the hard money interest for 6 months with less cash flow or go find a local credit union who will lend based on portfolio Not that hard

With that said cash flow is one piece, and principal reduction on payments is another.

The cash flow is positive, all units are rented.

Please let me know if I'm not including any expenses or missing something key.Property Details:- 3 / 2, 1374 sqft, $89k askingExpenses ($802)P&I: $369Tax: $188Insurance: $70Utilities: $50Vacancy: 5% ($62.50)CapEx: 5% ($62.50)Total Investment (Down Payment + Closing + Repair) = $25,499Rent = $1250Cash Flow = $448Cash On Cash ROI = 21.08%This is a single family home in an area where I've competitively estimated the rent (Most units running between $1150 and $1450). 

Hi Forum ppl,I am a foreign investor who is keen to purchase a duplex - quadruple for cash flow property. 

@Lexi Teifke - As always, the theory like the theory, but in practice is what counts.The internal rate of return hurts my brain just to read the definition, never mind calculating it: internal rate of return on an investment or project is the "annualized effective compounded return rate" or rate of return that sets the net present value of all cash flows (both positive and negative) from the investment equal to zero.

Your properties should ideally pay for themselves with some positive cash flow.  

I just started looking for cash-flow turnkeys out-of-state, really cannot find good cash-flowing investment in state near where I live.

The main pro is cash flow  - C-class as a whole tends to offer better cash flow than a higher class property in the same town (purchase price VS rent tends to be at a better ratio in C-class).