This total is about 25%, so your 10% security margin seems low.At 5% down you would want a fairly healthy reserve fund for unexpected high cost maintenance or vacancies as you have very little equity available.As it is, you're catching a falling knife in Grand Prairie and it is certainly conceivable that property prices and rents could fall a further 5%+ over the next 12 months, putting you in negative equity and cash flow territory. 

If one looks at underpinnings, "as a whole" the US market should keep modestly expanding over the next several decades - we have a healthy birth rate, good influx of immigration, diversity of household, and plenty of land to build and rehabilitate.

I would plan on putting $400 away a month for cap ex and repairs to start, but it's pretty newly renovated so I expect that will build to a healthy cushion early and I could back off the repair budget (still doing a few hundred for cap ex) after 6 months.

@Gabe Gordon, looks like a healthy cash flowing property!

Our family is very healthy, 

Darryl,Really good stuff here I own a few multi family properties in and around Boston its good to see that the lending environment is still relatively healthy!

Whether for mental, physical, or spiritual health; I want to make sure that they will have happiness in their lives.

A couple of thoughts - - make sure you have enough for not only down payment/closing costs but also a healthy reserve as well as money needed for potential renovations that might be needed to "force" the appreciation as you mentioned- if you are talking about 2-4 unit MFR, that really shouldn't be any more complex to figure out as a first timer than a SFR if you are planning to self manage - if you are talking about 5+ unit MFR, it might make sense to factor into your numbers having property management services (probably good to factor in regardless), especially if you have a 9-5 job- with the 5+ unit MRF scenario, I wouldn't necessarily be afraid of the financing as so many people seem to be, as like you mentioned they are more going to be evaluated based on how they run as a business. 

As 88% of all households still want to own a home, as they do, they are pumping millions into the retail sector, as they purchase furniture, lawn mowers, trash cans, dishes, etc. to outfit and maintain their homes.As someone in the trenches daily, I can tell you that the market still feels healthy to me.

There will be conflict, but are you guys able to deal with it in a healthy way?