Your "strategy" (aka common sense) of saving up capital is very smart, do whatever it takes to save as much as you can if you are serious about investing.

Bigger Pockets is the ultimate game changer when it comes to successful real estate investing.

Plus with the new sales price I should be able to bring the assessment down as well, leading to some additional savings on taxes there.I have two possibilities for this property, the first being to get it refinanced by a bank ASAP to pay off the seller financing and bring the debt service down by about half.  

Hey,In the process of saving money for a down payment on my first rental property.

Doesn't that make more sense than hoping I save up enough of a down payment on my own in 8 years?

Hoping this admission helps someone else and saves them some cash 💸💸

I also did a 1031 exchange so I was conservative in my negotiating because the tax defferal outweighed the savings.

I think in your situation, I would be using the extra savings from your very low rent to pay down debt and build savings.

Sometimes sending a similar message to multiple people is not the same as spamming and it's simply a measure in saving time and energy.

And that calculator / chart will definitely be saved for reference!