Once you get into the rhythm of a 1031 philosophy of investing you become very slow and long horizoned.Number 3 - I'm not going to worry about that until it happens. 

Purchase price: $2,500,000 Cash invested: $1,000,000 https://youtu.be/AwbJpsUJVL0BoMoSo Design Philosophy Formula applies to the classic Road Side Hotel

Purchase price: $15,000,000 Cash invested: $4,000,000The BoMoSo Design Philosophy Formula applied to Mixed UseThis video give a good overview

When leveraging there is the possibility that you lose both your investment and personal properties all in one swift swoop.So, I would need more numbers to understand what the rental income will be, how much extra cash you have in the bank, or are earning to pay the mortgage when it does not rent as fast as you thought, or you cannot get as much rent as you planned, or your tenant both fails to pay rent, thrashes the place to the tune of $10,000 and it takes you 9 months and costs you another $5,000 to get a judge to remove him from the property.This is my philosophy and I've made millions and millions in real estate over the past 50+ years.

The philosophy behind putting less money down is that you're using someone else's money to acquire an asset.

Just my philosophy.

I have done exactly what you described and have had a great experience with it i'll give you the bullet points as to why I agree with your philosophy.1.)

Next, that was part of my tactic getting it at the price as”people that usually buy things like this know what their buying” today my philosophy is different but at that price I’d do it all over again.

The Carrot philosophy " there are a lot real estate experts that know their stuff, but authorities are experts that are found online."

His budgeting and general planning philosophy are sound, but he does over reach when he swears off all debt, especially for younger folks.