Class C properties are considered the riskiest investment, but they can offer good cash-on-cash returns.

At this time, I am having to pay all cash in order to close.Purchase price is approximately $600k.

Also helping was a relationship with that bank (deposit accounts) and good credit. 

My mortgage will be $2,005/month, and I’m budgeting up to $600/month for utilities, leaving a potential monthly cash flow of $995.I also set up an LLC and a business account to track rental income and expenses.Questions:Do you have any advice for me as a young real estate investor?

Will bring cash to the table.  

If you want better cash flow, 35805, 35810, 35816, and 35811 are likely the choices. 

The Tampa Bay area can really be the best of both worlds in terms of appreciation and cash flow, as long as you execute correctly.

Are there other more creative ways to start cash flowing in year one Be careful because federal mortgage fraud and going to jail is a real thing.

You will receive the security deposit in Checking but then transfer it to Savings.Savings: Hold the deposit here so it's separate from operating funds.

In Phoenix, where I’m based, or in markets like San Antonio, the best realtors do more than just list properties.. they go “driving for dollars” to find oppurtunity, leverage their local networks (probate attorneys, CPAs, divorce attorneys) and carefully analyze each property’s cash flow.