It will also allow you to pull out a HELOC in the 90% LTV range since it will be your primary residence.

I would check your cash flow in relation to that $55k number to see if it's sufficient for you.

I've even had tenats bring their own range, but usually that's included in the lease as are dishwashers. 

For instance if I’m looking at potential capital expenditures over the next 5 years and the range of the cost is between $25k and $75k, I would use $75k in my projections.

@Jaren Taylor, not sure if this is why you talk about raising all cash, but given most deals are trading in the 5% cap rate range, and agency debt is 6.5% while balance sheet debt is closer to 7%, I whole heartedly agree that all cash is the ideal capital structure for many properties today, if your goal is to maximize overall returns for your investors.  

We’re not married to any Particular development, but ideally we’re looking for something newer (less than 5 years), detached with a good sized pool (not splash pool) We’ve been looking at 4-5 bedroom homes in Championsgate in the under 600k range.  

I live in Hawaii so finding a Multifamily is going to be a little out of my price range haha but thanks again!

To say this community has no value is quite a negative judgment to make without sufficient information to make it. 

I would say get to no many neighborhoods.Also not much in 200K range any more.$300K is the new $200K. 

Base the payment amount so you're in that range.