I'm concerned if I pull equity out that the property will not cash flow.

The budget is $400K. 1) HELCO  = all cash purchase with intention to refinance later on2) Refi on another rental  property = all cash purchase3) Conventional mortgageWhich method could save me some money at closing in NY and in the long run? 

@Bridget FitzpatrickCheck out this link https://www.biggerpockets.com/forums/530/topics/818478-determine-how-much-an-str-will-make-using-the-enemy-method

The Comp Sale method and REI in general have enough variables in them already for the average investor; adding in the wrinkle of buying above market value is not something I'd do in general.

However, I was hoping to get more applicable thoughts from you locals.I will admit, though the units I have identified do cash flow enough for my needs, I am concerned about the appreciation component of condo's in that area.

Things like that don't happen twice, I wouldn't be overly concerned. 

I can tackle the CC and car note in the next 2 years but I was more concerned about my student loans because as of now it's not feasible for me to pay off $45,000 (or even half) in two years w/ my current income.

Unfortunately, I'm very concerned that the only solution might be the flexible base cove which never looks good nor would it offer a tight fit like quarter round. 

But I am currently concerned that rate might not be favorable to me. 

This is concerning to me because I was planning to put money into it thinking I had $25,000 of head room.