One is a low risk,  low margin strategy.

The risk of waiting is that some other buyer can swoop in at anytime even in a slow market and get that property in contract for a price that you would've been willing to pay.

How much are you willing to risk on this property? 

Some offer higher risk higher return and some lower risk lower return.Let us know on what you decide! 

I have heard of this model being used as a risk management strategy (keep no money in the PM LLC and if you ever got sued over a PM issue hopefully your agreement between your LLCs shelters the Property Owning LLC (and the equity in the properties) from the burden of the lawsuit. 

Keeps payments lower so risk is lower.

There may be some thin margins but bottom line not worth the risk it if you are not already living here.

Some can be expenses that are written against w2 income or at least carry over to next year. let your accountant figure it out.

And be sure to check with folks other than your family banker (where you carry all your accounts) - you'd be surprised how much price / term shopping can save you on each deal.Best of luck to you and I look forward to following your journey!

That said, I will seek higher margins for properties that are more expensive within that market, as risk increases as you move to properties fewer buyers in that market can afford.