Typically with residential it takes property 3-5 years to brake even and cash flowing slightly after 7-10years.Now with the 40% deposit requirement you may cash-flow a bit faster.I suggest you take @Dean Letfus on his offer.

Pump your Brakes their Scott Hubbard1.

On the other hand, if you are an apartment wholesaler, whose core competence is putting great deals under contract so a buyer will happily pay you an assignment fee to take over your position, your understanding of a deal is much more fluid.

I should have said my short term goal is fluid.

You'll have options like immediate refis, bridge loans, various hard and soft money loans, rehab lines of credit, more fluid cash-outs, and quicker turnarounds.  

I am not happy in this community since the school districts are really bad and i had a few brake ins.I have a goal of paying it off soon so I am in the middle of refinancing to 15 years and my payment will go up to $2,220.00 (3.3 rate) from $1660.00 at (4.0 rate).

It's especially easy if someone is holding the bike for you until you learn how to balance and brake.

As an investor or realtor, you need to be fluid and react to changing circumstances.

Hopefully you will find an honest handy person or GC that won't sell you blinker fluid. 

Although Bed-Stuyvestant having Foreclosure issue, parts of that neighborhood is great place to invest especially when Atlantic Yards finally brakes ground.