My little calculator tells me I should still be better than 1.25 in any scenario but just thought I'd check with some more experienced folks to have a better idea of what to expect.    

However, this doesn’t seem right to me because there is no taxable gain or depreciation recapture.

Joseph: Would you mind telling me how you calculated the ROI at 2-5%?

You should calculate projected rental income and see how it compares to your monthly payments of $4,210.31.

I calculated this one as a potential fix and flip and making it a 2-3 room home at a little over 900 sq ft..

Look up Airdna Airbnb calculator.

This can help offset costs and improve your financial position.Cash Flow- Calculate all expenses related to both properties (mortgages, property taxes, maintenance, insurance) and ensure you have a positive cash flow.Vacancy Rates- Factor in potential vacancies when estimating rental income.

This property had my heart from the moment I saw the listing, but it took A LOT of work and calculations (and LUCK!!!)

You can’t do repairs, you can’t stay there, any violations will be the same as a 100% taxable withdraw. 

So don't discount it at all.Don't be impulsive, be calculated.