Quote from @David Ojo: Investment Info:Townhouse buy & hold investment in Baltimore.

My initial thought is that you are buying a business.

#1...don't buy a townhome or condo for an investment property. 

If that price point is too steep for the size you want to reitre into then buy two replacements. 

We would have to come oop about 400-450 for 2nd HH.Also planing to use other rest of heloc for a dscr or brrr so that would possibly help as well.Would you wait until rates drop to do another HH and just buy the brrr/dscr now?

I've also seen it where legal counsel has had each of the spouses form their own single member LLC and those LLCs purchase the new property as tenants in common.Food for thought - You'll almost always get a better interest rate and terms buying as yourselves. 

He cannot force you to buy a lawsuit, which is what you would get from the tenants.

You can also buy the Lease package from BiggerPockets located under MANAGE PROPERTIES.I recommend tailoring your lease, but I wouldn't get too excited about it until you have some experience. 

If you're buying a true investment property (meaning you wont live in it), FHA is completely off the table and Conventional/DCSR will require 15%+ down.

The last thing you want to do is to buy a sub-optimal asset or location where your initial equity down payment evaporates and goes away.