So with that said I figured I'd drop some out of state best practices for you to keep in mind as they should help you reduce risk no matter where you're investing.Don't buy in the roughest neighborhood in the urban core.

I wanted to get some feedback from experienced investors on how to reduce the loan amount each year to pay less monthly payment..It shows if putting 25% down that is $231K and  a loan for $693,750.   30 years at 4.25The NOI is $49,560  and the projected debt service is $40,954  the cash on cash is 3.72% thenSo before tax cash flow is $8606Doesn't seem like a good deal and how can the monthly loan payment be reduced? 

I want somewhat of a newer home since the property maintenance reduces and you can hold it much longer, as mentioned in (1)75K down payment is also fine with me, as I mentioned earlier, but not willing to beyond that.

However I’m also interested potentially becoming a real estate agent and general investor in case the pilot thing doesn’t work out (mostly because if I ever lost my medical in 20 years, that stem degree wouldn’t be as useful).

You can get the stats from the  CDC here:https://www.cdc.gov/flu/about/...The CDC flu estimates for the 2019-2020 flu season between October 1st 2019 through Feb 15, 2020 looks like this:29 - 41 million flu illnesses13 - 19 million flu medical visits280k-500k flu hospitalizations16k-41k flu deathsSo that is 16,000 - 41,000 flu deaths in just the USA in 4.5 months.These stats fluctuate every year depending on how bad the flu strains are in any given year.  

She had her home appraised for 275k and she is willing to sell it to us for 235k as she wants to sell it quickly to be able to get to her husband who had to move for medical reasons.

She had her home appraised for 275k and she is willing to sell it to us for 235k as she wants to sell it quickly to be able to get to her husband who had to move for medical reasons.

Unless I can find a way to drastically reduce the amount of cash I have to invest in this deal to make the cash flow work!

You pay 8.5k in cash, they reduce the price 8.5k.- renegotiate down 17k with the reasons I stated above.

Within 30 days of owning the property we executed 2 signed LOIs for a medical user to lease 1,900 sqft and the government to lease 6,000 sqft.