The problem is that home prices usually appreciate faster than people can save for the added down payment, so you are almost always better off buying with the lower down payment and re-financing later.

We all might be able to refi another 100bps lower in the next year (we'll see) so might get a bit more cash flow then.

If you would still like to move forward with the deal reach out to other lenders and see if their rate and closing costs are lower. 

This will provide lower premiums and save money and also cover you for a catastrophic event.

The more I'm involved w/ larger investors who have been around the block, the more I understand why they're willing to take a lower return for less headache. 

I'm certain there are markets out ther that the do not cashflow that have lower-than-average appreciation.

Lower asking price to $209k or less and hope you get a bidding war or at least 1 offer? 

That could be a very messy transaction, if it goes through at all.

You can also always put more down to cover risks and refinance into lower rates.

So, it becomes a much more palatable transaction with a ton of upside.He sent me the rent rolls and all the expenses, all rents are at market rate or slightly under but all units have so much growth to have with updating outside/reno bath/kitchens.