If you just take the 13,835 financed at 6% you are adding 83 dollars a month. so a double whammy.Now, lets consider if rates drop to 5.5% in 24 months (not a prediction just a what if) and you could have refinanced at a much lower costs then the above scenario in what you paid in pre-paid and additional interest. on the other hand, if rates for your same scenario after your 5 year payback period is 9, then you will have an asset with a much lower then current market rent.  

Way to many investors were buying properties for more then they were worth with hopes of collecting MUCH MORE than market rent.

This property has a ton of deferred maintenance but I'm purchasing it well below market value and I have a decent budget. 

Currently we have it on the market but last night via Biggerpockets website I submitted a request for a loan and out of all the lenders Jason Ariazand Sr.

If market appreciates you can get a HELOC on it or cash out refi in a few years to scale faster.

These cities are the well known, sub 100k markets in the US.

There is a high concentration of those in Texas (about 2/3) but it is relatively similar in most of the markets we lend.

Look at all the population growth, job growth, and companies moving/developing here - it's absolutely blowing up and Columbus is one of the hottest markets in the entire US. 

If the only MFH options you're finding are in areas you're not comfortable with, it might be worth focusing on a duplex in a better neighborhood.Saving up for a larger property later is a valid approach too, but keep in mind that real estate tends to appreciate over time, and waiting might make it harder to enter the market later.

As leases expire and economic conditions shift, the city’s grocery market will likely continue to evolve.