You are taking out debt to buy speculative property based on a few metrics off a website, likely in a D-F class area that you don’t know.  

Like @Alexander Felice said this is purely speculative.

He ended up speculating on a huge piece of land that he wanted to develop into single family homes.

Originally posted by @Max Feinberg:@Terry Dunlap I think the best advice I’ve received in RE investing is that there is a difference between investing and speculating.

I use 20 years because any expectation less than 5 is not an investment, but really speculation that the rents or values will increase. 

If this is a really great opportunity in an area you think is going to really turn around and you think a hold will pay off, I think you can chance a risk like that but speculative investing is dangerous in its own right.

@Mike McKinzie  Oh no you cant really be thinking about appreciation.. that's gambling.. that's speculation , that's icing on the cake LOL.. unfortunately  your thought process and mine are very much a minority thought process on BP.BP tends to be cash flow first foremost and always.. to the point that beginning investors actually believe it and take the risk chasing very high paper yields with no clue the risk they are taking. 

I would caution you to speculate in these "up and coming markets". 

If it doesn't then you will need to decide if you want to speculate on appreciation.  

It is all speculation.