That said, I wouldn't let projecting rates factor into my decision as much as whether or not you want to pull the extra $$ out.

"As a newcomer to commercial real estate, I believed investing $10,000 in education would be a wise decision.

Welcome Nish.You are making a good decision to get into real estate.

I started this a little over 3 years ago now.I think thorough research, and data will help make educated decisions, and the real winner in this market is finding a mix of at least 2 of the four:  Off market discount, fixer upper, lowball on market offer, or seller financed/subto.Also if you are planning to do it in a populated area I also think its good to take on the idea of not cash flowing for a few years, and also considering air bnb if you want to reduce costs even more.

The take down loan, then separate refis for each.Decisions, decisions...Cheers!

As stated on their gov website: “FHFA is responsible for the overall management of Fannie Mae and Freddie Mac and has informed the Enterprises which decision-making functions should be performed by the Enterprises' boards of directors and/or management teams.

Always consult with a qualified professional before making any real estate investment decisions.

Quote from @Stuart Udis: My comment has nothing to do with comps and your decision to make the repair shouldn't be comp influenced either.  

At Rent to Retirement, we’ve been helping investors navigate these decisions for over a decade.If you have questions about market analysis or getting started, feel free to reach out.

I took too long to make some decisions regarding design and it slowed me down.