Had an anxiety attack.

As far as having 20% in the home, that typically will not reduce your monthly payment (at this point). 

And if it is true and I follow this advice to reduce a property tax, I would think that I would lose Federal tax benefits related to investment properties.

Wouldn't the higher the NOI reduce the overall risk?

I think you can reduce your costs by buying second hand appliances. 

If you can buy this off market, then you can reduce the offer amount by at least 6% since no agents will be involved.

Once you go over that amount, your deduction is reduced $.50 for every dollar over the limit until you hit $150k where all losses are disallowed  in the current year and carried forward. 

Put the unit on the market for rent to reduce vacancy cost.

. 🤔 Dauntae, continue saving money and reducing expenses.

If you purchase in one of these areas, I think you will see some nice potential appreciation, while paying down your equity (try to house hack if you can and really reduce those monthly expenses) and then turn it into a long term rental.