Negative cash flow rental

[Yinette Roa]

hello fellow investors, Im in need of some guidence on my first (intentional) rental investment purchase. 2unit property in a type B neighborhood currently vacant. A few things that are making me rethink the deal fisrt thing the appraisal came back at the exact purchase price (needs some work not mayor that i know) first lender asked 35% down instead of 20% (original quote) because debt service ratio. Current agreement expired but i have a second quote diferent lender 20% down but at a 8.5% making the dsc 1% but after capx and vacancies i will have a negative cash flow deal. Is this a good deal for my first deal. Should i look a better cash on cash deal or should i do it for appreciation. Any advice is a good advice at this point. Thank you so much in advance.