Also the 50% of your expenses is just a rule of thumb and you may be able to decrease this number to increase your cash flow and COC return. 

It would allow us to both recoup our initial investment and hold on to the property, granted the monthly cash flow would be significantly decreased with a new loan amount.  

Further, because of the neighborhood, this is a "Class A" property and I could easily get a very responsible tenant, which would further decrease the likelihood of unexpected expenses.Eventually, we will utilize our current residence as a rental property and it would be nice to own the entire structure (2 town homes).I apologize for the long post and I appreciate any input that anybody has related to this potential "deal."

A bit off-topic, but if you're looking for a justification to purchase Prime for your building materials, here is one...We originally got Prime to decrease the costs of shipping finish materials to our projects.  

Even with the marijuana crop, the number of growers is decreasing, and becoming limited to a relative minority.

With 4 bedrooms they tend to attract families and families stay in the house a long time which decreases turnover expenses. 

Which may be higher than you think because depreciation decreases your basis and increases your basis when you sell. 

The basis would be decreased by the amount of depreciation taken or allowed (whichever is greater, they should be equal). 

They will decrease your learning curve considerably.I think that would be a good start.

Pretty easy to increase and decrease lead flow with ad words, which is nice.