Its a long term low cost play for me.

You got only 4 bookings from Airbnb because your ranking is really low on Airbnb.

Quote from @Bonnie Low: I work with a lot of MTR investors and what I am seeing frequently with multifamily acquisitions, particularly with new investors, is that they often test the property just like you're mentioning, as a way to dip their toes in the water and see what works in their area and for their personal style.

Nor would I pay retail for a property with that low proforma return even though I like PR.  

Here is your tip:Buy low and sell high, also don't eat the yellow snow.

Maybe they are trying to annoy people with low rate mortgages on purpose to get them to refinance (conspiracy theory alert)?

Brandon Turner wrote a book for BP called Investing with Low or No Money Down - start with that.

For example, I am a little concerned about some aspects of the business cycle recovery and a potential for a double-dip so I lean toward the safest part of capital stack which is debt (or low-debt equity).

Focusing solely on numbers often leads to the purchase of low-quality properties.

I will follow the advice here to keep high deductibles and low premium and save the premium for any contingencies later.