If you can find an investment that returns more than the interest on your debt, mathematically that is the best use of your dollar.

Our LLC paid cash for these properties and they are producing positive returns.

My 5 year goal is to become a professional real estate fund manager.I happen to live in NYC where there is a large concentration of people with 7 figure incomes who often have a difficult time obtaining a more than nominal return on their at-risk/disposable capital.

If we are talking SFHs the top 3 cities nationally for returns ( flow+ equity) since 2009 are SJ, SF and LA, and since 2000 that is LA, SF and San Diego.

Fortunately it yields good returns but I wouldn't advise anyone unfamiliar to invest in my area (although it could be done successfully it would definitely have a large impact on that bottom line amount that out of state profit seekers dream of). 

My return on cost is good, but my return on FMV is low due to underlying appreciation outrunning the rental income.

Perhaps, I have to start at the bottom of the market somewhere else just so I could afford it better but lots of people on here have suggested to not do that as that is more risky and the returns not very high.  

The comps can be pulled by a real estate agent pretty easily and quickly.

I would offer to give the listing agent the inspection at your cost after they cancel the contract as you have requested and return your EMD.  

Just send them and return the calls and you'll likely find enough equity in one or two to do a deal.