However, I keep running the numbers and based on the market rent the cash flow is really solid. 

Sounds like a solid deal to me.

Plus, if you have just a few solid and proven cash buyers, you can know what they are looking for and go find it rather than find anything hoping someone will buy it.

Pick a solid B-Class suburban area.

This is a pretty solid analysis, @Zach Brewer.

You won't get the cash flow like Ohio or Tennessee but it's Landlord friendly and appreciation is solid 

In that case, it seems like you have a pretty solid plan in place.

After you get 50 units you can buy one for other reasons if u want but wait till you are solidly situated.

As a matter of fact, I’m thinking about lowering the cash on hand, as most of my properties are sitting pretty solid for capex needs.

@Greg DickersonI have a solid understanding and system already inplace for financing, as well as the locations I would like to develop in, and the types of properties I would like to develop.