Just remember though unless you have deep pockets you need to at a bare minimum stay cash flow neutral until you get the property running and your debt paid off.  

I assume you got a better interest rate, and I know you are saving a boatload of interest. 3) imagine year 11-30 where you are cash flowing thousands with paid off properties instead of hundreds because of these lean 10 years. 4) hopefully you can raise rents at least $100 each every year and in 2 years your cash flow neutral even with preferred short term mortgage. 

A clean, neutral-looking curb gives prospective homebuyers a chance to visualize their own additions/upgrades.

I am even good with cash flow neutral - have been since I started - and still can't find deals that work in that regard. 

Appraisal fees should go to the appraiser, not to the lender.Legitimate real estate lenders always use neutral title, escrow, and closing attorneys, as appropriate for your region.

Interior PaintingScope of Work:Paint all walls, ceilings, and trim with neutral high-end paintUse two-tone color scheme for added eleganceEstimated Cost: $10,0005.

That is lower than market and puts you in a cashflow-neutral situation, but it is unlikely your residents can afford that.

In general, government will set the assessed value lower than market value at reassessment in order to neutralize appeals.

Appreciate the response Victor and Don and your neutral perspective. 

It has had higher appreciation than nearby towns since the pandemic and you should be cash flow neutral or slightly positive day one as a long-term rental with a 20% downpayment.Note that zillow and other websites greatly understate your property taxes.