Given that the property was worth $390K in its current condition, I saw an opportunity to make the numbers work while keeping my upfront costs low.Instead of increasing my cash offer, I negotiated a $25K down payment with the seller carrying the balance for two years through owner financing.

Quote from @Dave Chengoue: Quote from @Wale Lawal: @Dave ChengoueIt's great to see your focus on multifamily properties and your clear plan for self-management.

Increased demand for historic district rentals and excellent rental history.

In the meantime learn and figure out how to increase income/savings.

Would it make more sense to move the money we make from selling to a different property that could potentially increase our cash flow? 

A simple explanation might be that rents have increased to offset higher mortgage costs, but what about property owners who locked in rates below 4%—or even 3%?

Property is $6.5M, leased for 20 year corp-guaranteed with a current rent of $450K (10% increase every 5 year).

I am still learning my self.

Personally, I self manage but have built systems to allow it to be fully remote and very passive.

Yearly increasing costs will, in time, eat up any profit they have per unit.