@Mateusz Skiba You can continue to put down 3.5% down with each investment IF you live in each property for minimum 1 year after purchasing, and you can only have one FHA loan at one time 

@Chris Hayes Just continue looking and don't get discouraged.

Obviously the more the property is worth the more benefit you will obtain.If you are planning on continuously buying properties in the years to come, then it is much more than the "time value of money" it actually allows you to continuously lower your overall income tax by using the maximized accelerated depreciation on your new properties.The 100% (or 50%) option of of bonus depreciation, allows you to deduct all (or 50%) of that accelerated depreciation in year one, instead of spreading it over 5 years. 

This is a great forum that continues to help me daily!

@Jodi G. have you continued with these similar flooded flips and finding good results?

I think values will probably continue to rise but then they could stable out after everything settles down.

The new tenants chose to keep those appliances in place and I added an addendum in their lease that stated they were responsible for any costs associated with maintaining those appliances -- I continued to be responsible for the stove and refrigerator.  

I am sure I will be reaching out to many of you for continued wisdom. 

I could sell my house to get the funds but the value on my house continues to grow (located in the up and coming Avondale hotspot) so I would hate to cut off that asset at this time.

My question is- am I better off continuing to save and buy something bigger/better later down the road OR do I jump into this as a temporary primary residence and future long term rental?