I lowered the price down to $700 a month and is sitting at the lowest priced 2 bedroom unit in the neighborhood.

Most PM software allows late fees to be charged.Ours allows us to absorb the cost of tenants paying electronically thru the software - it usually wants to charge tenants, but we want them to pay electronically.We manually charge tenants a Processing Fee for mailing in their rent, a slightly lower Processing Fee for depositing to our bank.Your success will depend on the Class of your tenants.

He may accept a lower than 20% down payment.

As an agent, you can also represent yourself and put your commission toward the down payment, further lowering your out of pocket costs.

. $220,000 is definitely a lower purchase price amount and really limits you on what you can buy.

More equity means lower downpayment.  

Our 1st property we are living in now would positive cash flow if we moved out, but thats because we had a lower rate.

But here are ways to reduce capital gains taxes:Deduct expenses (renovation, selling costs) in 2024 to offset gains.Hold for 1+ year to qualify for lower long-term capital gains tax rates.Invest in a Qualified Opportunity Fund (QOF) to defer taxes.Use tax-loss harvesting to offset gains with investment losses.Pushing 2024 deductions to 2025 won’t help much with 2024 capital gains.

Other than lowering premium, why would you put all the rentals in one policy?

and 5 years is a long window for things to change in ways we don't expect (lower interest rates maybe??).