Actually I do have  the comparables since every year I have fought with the county to lower my property taxes :)!

If you have a lower rate locked in currently and have no immediate needs for additional capital, then you should wait.

If its short term lower occupancy go for a smaller machine if it is larger occupancy you want a big machine.

Many investors are attracted to lower price points but end up losing money because cheaper properties are higher risk (not good locations, rough tenants, lower quality construction, etc.). 

People are staying more, moving less since COVID, which means less rental inventory, increased demand and higher prices particularily in the lower and medium priced markets. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

You will benefit from better rates and lower cost lumber now, so that will help make up for some of the added carry and perhaps the market conditions have even improved? 

Lower my cost and I could lower my rent and still make the same profit.

@Jerell EdmondsFHA loans offer a way to maximize cash flow by financing up to a 4-unit property with a lower down payment.

This can involve a lower down payment and flexible repayment terms.4.