Are you trying to create cash flow or just want RE exposure?

:@James Hamling I agree with everything in your post except the tax consideration.

I have experienced cash flow anywhere from 10-18% with so much more to offer.

Either option would cash flow around $300/m. 

There should absolutely be no hesitation if the property cash flows on a long term basis.

I think of if I had to buy my first house two years ago when I was just about to get married, having a variable income with no cash flow supplement, it would be a dramatically tougher situation.

There are legal guides and considerations to follow.

First, your cash flow is showing as $2,367 per year.

Are you cash flowing the property?

We do this because their cash flow is good.