Your background and experience will also dictate your perspective.

Do not allow your tenant to dictate the terms.

This implies we can do X% down, Y% interest; as long as it makes sense from my standpoint I can pretty much dictate terms.My questions are....1.

Availability of inventory and pool of buyers will tend to dictate demand. 

All the houses in the community have wood shake roofs and the HOA dictates that they just be replaced with Wood Shake.

Utilizing the example above, our gross revenue in year 3 is $100,000 because the tenant's lease dictates that their rent is $100,000. 

If the numbers make sense today, that should dictate your decision.If you are doing a buy and hold strategy, even if the market tanks usually rents don't drop too low and you'll have a 1 year lease anyway with the tenant to help preserve some of your rent income.

Don't Let Emotion Dictate Your Decision Remember you are purchasing for very different reason's than when you where buying your first home for your family .

This will dictate the compensation they will have to pay the manager of the LLC when a property is sold.

In addition to the points others have made, I  buy with cash and self manage because:You obviously don't pay interest and origination fees, but you also aren't forced to buy property insurance, flood insurance, insurance, insurance.... you get my pointYou don't have to let a bank get all up in your business model, sign on endless fine print, and agree to pay them for decadesno one dictates what you need do or not do (possible exception - the IRS).A sole proprietor with an all cash position and self management.