You will have to get ahead of the price drops as what you are seeing is a lag metric.

Call my friend Alex Gordon and tell him i dropped his name--862- 812-6460..

My cashflow (right now) is neutral (I plan to refinance down when rates drop), and my initial plan was for appreciation to grow my net worth.

So they lowered the values 20-30% and increased the tax rate enough so that year property taxes dropped a couple dollars and nobody complained.

You are stepping in to catch some form of falling knife on a deal and team that dropped the knife to begin with. 

My goal would be to either refinance(if the rates drop) or to pay off the loan within 7 to 15 years.

I'm struggling with that, if I should cash out refi (or rate and term refi) when the rates drop more and use that equity to buy another property, do more renovation (ADU) or another investment strategy. 

The waves are getting bigger, the temperatures are getting hotter.

Many times tenants would drop off the check in my mailbox, not so much anymore with Zelle. 

If you are buying a turn key and do not expect to take cash out for a few years just gauge that on your prepayment penalty years.Rates vary depending on credit scores, LTV, DSCR ratio, Loan amount, Property type, number of units.Good news is rates have been dropping so DSCR may not be a bad option if you buy and simply refinance in 12-24 months.