Consistency will get you where you want to go.

You would really have to believe in substantial amount of consistent appreciation to make it worthwhile.

If you are someone who invests in stocks or bonds or other securities and have somewhat consistently generated returns, keep the cash today and go that route not only because of the higher return but also the added liquidity.Best of luck :) 

I can speak for the Mississippi Gulf Coast area consisting of three counties.  

If not find the cost, multiply it by 3 and then reduce price by that much3.

@Justin Pera, I am a licensed lender here in Florida.When obtaining a multi-family 3-4 unit with an FHA loan, all units rents, to include the one you’ll be living in, must be multiplied by .75% and cannot be less than your total monthly mortgage payment.

and this market while not red hot multiple offer type market its quite consistent .. so the risk/reward on this was I risked the 125k BEFORE we were annexed and certainly before approvals..

If you do it well, and there are no pricey surprises along the way, you could end up with a rehabbed prop cheaper than if you went turnkey - so it's a trade-off, price for effort, price for time, price for consistency. 

Payment, net of servicing, is $564 per month, consisting of principle and interest.

If anybody could truly do it with any sort of accuracy and consistency, then Las Vegas would be the place to get rich, not Wall Street or Main Street.With cash flow, you can narrow down what your return will be today with relative accuracy, but over the long run, many other factors will influence your total return, such as appreciation, market rents, tenant problems, maintenance issues, tax laws, city ordinances, etc.