Real Estate by the Numbers by J Scott and Dave Meyers is a good read.

Thanks for any and all advice!!

Market dependent and also depends on type of building.

We remodeled and remarketed it under our brand HomWork.com, as a coworking/coliving property for entrepreneurs and business professionals.

First there is no reason to buy a Townhouse "all cash" instead put 40% down and reap the benefits of an extrenly low rate, No PMI and the option to escrow.

My wife and I are officially under contract with a new primary residence, with the goal of moving and then turning our current home into a rental.

Granted that's apples and oranges, because the new homes are larger and all in the suburbs, but as long as you can buy an existing home for half the price per square foot than a new construction home I would be careful with expecting peak appreciation.

Keep in mind that this is a rental, and renovations should be in line with a rental for the area and market.  

I took a pause and finished my bachelors and stabilized my family since then.

@Cheryl J McGrath  Personally I don't see why any RTO buyer would enter into an agreement  and put down money if you don't own the house yet.