I would caution you against increasing the down payment to make the numbers work.

The shorter the prepayment term has an impact on increasing the rate.4.

I can make improvements that increase the value.

It's not profit until you access it in some form of cash.I've seen investors loss properties with equity (a few with a lot of equity) because they can't sell at a price high enough to gain that equity, or because they can't refinance it due to the negative CF,...which would increase with a new mortgage.

then manage them remotely.you also noted you want an STR, which is going to shrink the inventory that is viable for you and also increase the amount of competition you have.you may want to read these threads:https://www.biggerpockets.com/forums/12/topics/1215726-break...https://www.biggerpockets.com/forums/48/topics/1159104-overl...https://www.biggerpockets.com/forums/963/topics/1195280-expe...https://www.biggerpockets.com/forums/48/topics/1160450-run-i...https://www.biggerpockets.com/forums/48/topics/1137397-balti...i invest in Pittsburgh, and I would tell you: DON'T invest in Pittsburgh unless you're willing to come here in person and build your network. 

I request credit limit increases every year on all my cards.  

The shorter the prepayment term has an impact on increasing the rate.4.

So I think moving the lot lines so the house and 2nd lot can be sold separately or even developed and also doing a moderate level renovation could really increase the value of this property overall. 

This is especially true since I often look for properties that allow for tax grievance potential too further increasing cash flow.

Coupled with tailored marketing efforts, these enhancements attracted buyers and significantly increased the property’s profitability.