If you use it as several down payments and use leverage you could be off to the races with many more Class B or C units that will still cash flow for you.

If you want to buy your first property ASAP, house hacking (duplex, triplex, or renting extra rooms) is one of the best ways to start with a low down payment while learning property management.

Even if you only owe $26,000 on the loan, your payment will still be the same.

Here’s a chart showing what percentage of an American’s average mortgage payment goes to taxes and insurance:Rising taxes and insurance premiums make real estate even less affordable for buyers already facing higher home prices and mortgage rates that rose ~150% in less than two years.

And use the other $50K as a down payment on a $250K property. 

See what down payment and reserves you need and make sure you have that in place or if not, you know what your goals are for 2025.

My guess solely looking at your numbers is that it's an older/distressed property which means you have to account for more costs in capex. 2nd thought being it's not in the best of neighborhood then you'd have to take into consideration lower quality tenants/ neighbors and maybe increase expected vacancy and late payments.

say you find a solid property in a low cost market for $200K and you buy it.between down payment, closing costs, rent ready / spruce up costs, and lease-up costs, you're probably going to need at least 50-65K in cash. 

. - Fortunately, our transparent systems allowed the owner to catch it:)- Full transparency - we would have never caught this honest mistake:(An owner also needs to be involved to approve & fund large expenses: maintenance, property tax & insurance payments (if they want to be more hands off), evictions, etc.A great PMC should also have a chat with you annually about your future plans for a property and your portfolio. 

I started to create our company website with my good friend, Scott Corbett (Lightmark Media), and we started working with our securities attorney to put together two 506(c) offerings.