When you look at cash flow modeling, borrowing much more than that causes it to be tough to get a positive cash flow.

A couple of Roof claims due to storm damage in Tucson, and we had several sub-to deals in Oklahoma when grapefruit size hail decimated a big section of the whole town. 

I had the lightswitch moment after investing in NC for a while and I would get ok cash flow, but the properties I owned all doubled in value in about 5-6 years and I realized I could appreciate my way to financial success much faster than I could cash flow my way there. 

We have 40k in cash and 100k equity in our current residence, but we don’t want a larger house payment than what we have already.

Class A- Brand New buildings with lots of amenities, good infrastructure & locationClass B- Building are usually older; priced less than Class A & need some updates/restorationClass C- Oldest buildings (20+ years); need significant maintenance; less attractive locationsWhere things become subjective is an older building located in a neighborhood that's changing for the better. 

People’s Republic of Asheville is more concerned with STR regulations than people living in boxes on the streets.

By the end of this you'll know more than a double-digit percentage of landlords. 

That seems to have changed over Covid and not sure they ever got back on a regular schedule.Not sure what you have to offer other than the 4 bedrooms, but I would guess rent would be more around $2400/month vs $3000

I was told that a ground-floor condo are better than a second floor condo ( If there's no elevator and Stairs are present).

Lenders that go higher than 80% LTV will likely be more in the Prime + 1-4% range.