Unless you're paying cash, something to consider.

Call the well drillers an throw some extra cash at them .

As in every case the area, cost, amenities play into scenario.Have never been above 30% in last 12 years, usually at 10%

In the mean time 100% of the owners ability to touch any cash is eliminated.

But to use a casino analogy, playing with "house money" and getting all the perks is the best way to vacation in Vegas. 

As for renting, going cash flow negative isn't great, and your home isn't likely to appreciate as fast as it would if it was a single family home, so holding with hopes of increasing appreciation may be a verrrry slow play, but if you can afford to hold, having a tenant pay down your mortgage is an additional great benefit to real estate investing. 

@Tom Dieringer, I am a firm believer that STRs are more of a marketing play than anything else.  

I’m looking to buy some single or multi family units for long term rentals that would provide at least a moderate degree of cash flow.  

By understanding what they want and need, you can come up with answers that work for everyone.When negotiating a real estate deal, each seller is different, and their professionalism, tastes, and goals all play a big part in how the deal turns out.After thinking about my trip, I've learned that the best way to negotiate is to know what questions to ask and then listen to the answers.

Purchase price: $116,000 Cash invested: $27,000 Sale price: $187,500 Replaced kitchen, updated bathroom, drywall repairs, paint and flooring.