PMI is $3820 so I am paying in about $300 a month out of pocket in this scenario but can ride appreciation in future as the house will appreciate on average 5% per year historically in the areaSo how do I use this scenario to match up against buying cash producing no appreciating properties such as a 2plex that can be bought for $77,000 and rented out at $600 per unit etcI'm just getting lost with numbers and fearful of not making the "wise decision"

This process took about 6 months all the way through as the tenants month to month leases expired in a staggered fashion ending in May of 2017.

I am now retired from aviation my partner still has the bird and our hanger.. when I do want to fly I rent it from him and take a safety Pilot with me.. just someone to ride with really. 

What's you strategy to bring in the best tenants and get ride of problem tenants?

But the opportunities you're describing sound quite different from the webinars, sales courses, and coaching programs that take many newcomers for an expensive ride.

Since a future repair won't undo any of the renovation that we're doing now, we're going to let it ride and address it later if it's an issue.  

A good basic thought process is that everything is split in this fashion.

Some of the zip codes I see out-of-state investors buying houses in makes me shake my head, because they are in for a rough ride - several of those zip codes will see minimal appreciation, and are ripe for developing D class neighborhoods as the city grows. 

I see a lot of people walking around 32204 and they walk to the bars, coffee houses, I am waiting for the ride sharing bikes and scooters to start popping up in 32204 and 32205. 

In a few years you'll have some equity to pull out or sell it and 1031 into a larger building with more units, or just let it keep riding.