Why not just get a cash out mortgage on that new place? 

The house is worth 1.2 Million and it cash flows like a beast but at this price range things get pricey at the closing table and for holding costs. 

Cash or financed?

The benefit is that your net positive cash-flow will not be taxed assuming depreciation covers it, which is likely will.

I bought a single-family home with a tenant in place, generating cash flow.

Minnesota does offer more appreciation than other Midwest markets and has traditionally been a balanced market for cash flow and appreciation, which I think is ideal.

If you don’t cash flow with long-term rents, don’t buy the deal.

Hi Linda - your services make a lot of sense for someone who is trying to go the MTR route, however if they are just now buying a house in today's dollars and rates, and setting it up as a MTR, it may be hard to substantiate a few thousand dollars to pay a third party to do the set-up after they just spend tens of thousands, or potentially hundreds of thousands on a house DP in Raleigh + furniture.I think the fundamentals work for someone who's owned it a while, has made great cash flow, and who has been thinking about converting from LTR to MTR, and just doesn't want the hassle of set-up and marketing but wants the returns.

"I would be -ve cash flow 200 to 300 per month" WTF!

Purchase price: $180,000 Cash invested: $40,000 Sale price: $299,0004 family flat, 3 units occupied rents all at $625.00 increased all to $750 with 3 month,6 month,12 month and month to month options.