Able to get the seller to agreed to knock down another $10g, in addition to the repairs and inspection fees.

@Melanie P.Also, what people do not realize is the majority of real estate investors will take on debt.

I'm a vendor at the NCREIA and the Charlotte meetup is a great networking event in addition to this platform.

The other idea is to hold on to it and then when the rates go down refinance, pull out equity and buy one additional property. 

If you have good cash flow on your properties, there is an argument to kill some of the debt with high interest of high K factor (large principal, small interest payments).

I've been deliberating over the same issue (long-term rentals vs. medium-term rentals) and am inclined to invest the extra effort to manage a medium-term rental, given the appealing additional cash flow it promises.

So you pull out your equity, your mortgage payment might increase from $2700.And that refinance is still debt, meaning you won't qualify for as large of a loan on your next house.If you want to buy a stepping-stone property now to prepare you for a better home later, you should focus on buying something to sell it.

Additionally, there have been no negative repercussions of this yet so why are you creating a problem out of nothing? 

It also has an option to budget for a home purchase and tools to help you plan to pay off debt. 

Able to get the seller to agreed to knock down another $10g, in addition to the repairs and inspection fees.