Perhaps the best course of action is to continue learning about real estate and look for deals/network.

You already did the hardest thing, which is taking action. 

If I refinance the siding and windows into the house I dont think the house will be positive cash flow anymore.

What immediate action should I take?

Positive cash flow What made you interested in investing in this type of deal?

Overlays are what REIA come up against - the action is in the "more or less." 

I just got a position with a management company and we handle 2200 units in Tennessee.

Hello everyone,I have been put in a rather unique position and would love to pick the brains of some seasoned veterans here.

I am quickly realizing it's difficult to find 1) properties which meet the 1% test, and 2) properties which cash flow positive from year 1 (unless we increase our down payment from 3.5% to something much higher).I would like to get two pieces of advice from the Bigger Pockets community in Massachusetts.

Here are more details:First opportunity is a buy and hold 4-unit property in Yonkers, which could be a good option to walk into as a first time buyer as I will start off cash flow positive, but it's in an area that will not see as good annual appreciation as the 2nd opportunity.