In all honesty my clients putting down as little as 5% tend to cash flow as well. 

I've definitely made some mistakes here but I'm going to be very candid with the info on the deal, so please go easy on me haha.My brother and I purchased a property on a large lot in Culver City CA in 2020 that was essentially a tear down. 

Unfortunately the short and mid term markets are slowing down.

May need a little rate buy down but in the long run it is much better to raise your rate 1% to 1.5% versus taking a Heoc rate above 8%.The whole point of taking cash out is its quick and you avoid having the associated risks that come with a Heloc.

Unless you're handing down to family, maybe its a good time to sell.

., while the average home price is $635,000 (Source) (at a 7% interest rate, 10% down payment, 30-year mortgage that would be $3,802 a month).

We did have one, but took it down for iOS and have long-term plans to resurrect it.

Keep looking down this road I don't believe that you will be disappointed. 

Although I know most sec 8 landlords use it because of the perception of guaranteed rents.As a small home builder I really dont know how they are going to lower the cost of new construction housing unless the govmit subsidizes it somehow.. basically the price of home components are very sticky they only go up. with the xception of lumber that will go  up and down through out the year..

Keep in mind of the I/O(payments/period) and game plan on how fast you'd like to pay it down.