That means it would take you over 16 years to recover it and break even...which is when you start to turn a profit.The worst thing you can do is to think you can turn a negative CF property into a positive one with a larger DP. 

You can rent out the other side, practically paying no mortgage & have your positive cash flow.

Be qualified for a loan so you are ready to take action if/when you run into a great deal.

If it is currently conventional that got from a Bank, do not believe anything they say that sounds positive. 

I hope to someday marry my love for art, photography and Realestate investing, to create something that is unique and desirable.I look forward to hearing from those who have a positive and honest perspective and who are looking to be supportive and inspirational.

Due diligence plus leap of faith seems to paying off for me; all my properties were rented w/in 2-3 weeks of close and I had multiple renters in place, leading to positive cash flow.  

They will probably be in a position to make use of that training at an accelerated rate also...

I've seen more Freddie action than Fannie this year. 

What the price is not as important as positive cash flow.

I've considered potentially using the immediate equity to buy an out of state multi that produced enough cashflow to pay the 2nd position debt plus offset our holding costs over the years.