@Roger D Jones and @Dominic Mazzarella hit it on the head: try seller financing first and see what his cash flow needs are and/or if you can reduce his CG taxes. 

•Mix of Strategies – While it’s known for cash flow, Detroit also has neighborhoods where long-term appreciation is playing out.It’s not a perfect market (no market is), but it definitely deserves a look if you’re open to expanding your list.

This means you'll get a good cash flow, but appreciation of the property will be low.In the phoenix area there is more ownership and less renting, but due to prices increasing faster than inflation we are seeing a rise in renters.

Cash flow is hard to come by and I have considered looking elsewhere in more affordable states.

There will be multiple markets you can achieve a 7.5% cap rate especially if you're buying with cash.

You've done well with your Class A rental, generating $500/mo in cash flow, this adds up over time.

Should I quick refinance now or play it by ear the next 3 months?

Purchase price: $340,000 Cash invested: $110,000 This is my first rental property.

We use Flourish Cash for our clients (no fees), and it yields 4.90% with 1.5M in FDIC coverage. 

I had a fairly complicated play I was doing..