That's a very low amount given it's a commercial property.

I am based in Seattle, but is licensed in Tx.You can acquire your a primary residence from up to 1-4 units for as low as 5% with conventional or 3.5% with FHA with a few exceptions.

Shoot me a DM if you want some help with finding a condo or house with a low rate that's on market.

If your house is old, value is low. 

As I see it, the only ways that real estate pays you well in the first 3-5 years is low to no leverage or a strategy that requires more work (short term rental, mid term rental, rent by the room, etc.).  

Very low turnover. 

Margins seem low and the risk seems high.

Most of the time, the home warranty takes a long time to approve your repair, reach the property, and then they use low-quality materials.

Conversely, a new built A class SFR, in A class market of significant growth via a well laid out planned city development, great schools, area people are glamouring to move to, a-class tenants, very very low risk.

Avoid leading with a low offer or mentioning how long it’s been listed.