So I figured that if I could avoid negative cash flow, the other two sources would carry us until rates declined and we could refinance to lower interest expenses.

I was initially looking for a turnkey property but after finding this deal and going down the rabbit hole it has turned into a BRRRR.Property is well priced and seller agreed to lower price after inspection was done and scope of work completed by GC.

Hello, I am selling a property and it has appraised lower than the contacted price by $9,000. 

Considering the high rates at this time and opportunity to lock in tax free capital gains of 500k, suggest you sell and lower mortgage on your new home 

I agreed to take out an under ground storage tank in exchange for a lower price.

.- Lower down because I can do FHA loan- Probably don't need a property manager because I live here- With the potential rent income vs monthly mortgage price, I am probably breaking even if lucky- Pro tenantJacksonville:- Total cost of home is lower, even though I will have a higher down payment because I am buying it as an investment property- With the potential rent income vs monthly mortgage price, I might make a couple hundred a month... which can eventually be used as a down for another property?

Will give you the ability to buy with lower DP and lower your living costs.

Lowers your living expenses, plus you have a property you can move out of in a year and do again if you please to.

If you want to be conservative, stay around 50%-60% LTV, especially if your cost of debt is lower than your cap rate, as this will lever your ROE.

It was suggested that I use sound caulk for a second layer of drywall, but I think the asphalt board will help dampen the lower frequencies more.