Using this method you could essentially save and continue to build on that 20,000 or you could put it into the property to increase the value while simultaneously increasing the rent.

So I was always looking at this as an investment property, butI didn't know the first thing about REI at the time.Let me ask you a question: The property value has increased by about $40k with comps selling for close to $200k.

You try stuff and if it fails (and aren't wiped out), you learn from your mistakes and try something different.Now the question becomes the best ways for me to increase my passive incomes to create this income stream I need (the wellsprings of cash that outrun my growing expenses [healthcare in old age] and inflation).

If interest rates start going up, I think your odds of getting the loan called increase. 

Will allow you a bit more privacy and rent potential than the SFR would.

Could probably write in a rent increase after year one to keep up with the market.All else being equal, I’d say first come, first serve.

If you rehabbed the property be prepared with a list of repairs to justify the increased price.

Ping me direct if you want a little more privacy or reply here. 

There's a more complicated way to account for the TI money, but simply out you can amortize it over 60 months by increasing rents $1 per every $5 given.

I will have a decent amount of equity from down payment, 4 years of higher payments at 2% interest,  and appreciation from bettering the condition of the building and increasing rents.