After calculating everything, I found that in the first year cash flow would be cash flow positive by ~$250-$300 based on the expenses provided.- 20% down, 7.5% rateI question if there are things I'm overlooking with this being potentially my first investment property.

I’ve faced similar hurdles, being based in San Diego, where the market isn’t ideal for Buy and Hold Deals.

Like others have mentioned this is harder than ever with interest rates where they are, but you'll also be able to refinance when interest rates drop.  12 months later (Again this is a rose-colored glasses situation) you'll have access to another 50k from your TSP and potentially a HELOC from the property you purchased, now you have a pile of cash you can use to buy other BRRRRs.

We're both eager to diversify into real estate investments.Although our home base is in New Hampshire, we're open to  investing wherever we can maximize our returns.Primarily interested in multi-family investment properties to leverage our first-time homebuyer loans effectively.Initially, our focus was on purchasing properties in the New England Region (mainly NH & MA).

@Carter McGillI would rent the property, get an appraisal, pull out the equity & refinance (when rates drop a bit) If you are in this for the long haul small cash flow won't matter much. 

They are not located in the USA, so if you give them money it is not based on laws in the USA.2.

I posted what I did because most people are unaware of the TRUE benefits of the whole life and IBC and only focus on, well, what you did.To that end, here's my 0.02 based on what you wrote:1.

I learned its not as easy as pricing based on the square footage.

Theoretically, yes, but no one is going to loan you anything based on that.

Up to $50k or 50% (based on available cash) of the total plan assets whichever is less.