For reference, this is in a suburb of Philadelphia in southern New Jersey.

However, (personal opinion) I do believe that the Beltline represents a real, physical asset that will help values stay strong in the long term (assuming you don’t overpay).

There is a buyout in the event you expect to turn it quickly.Example: 100k purchase, 50k rehab budget. 10+ experience; 680+ credit score.90k purchase funded; 50k rehab funded.Let's assume 4 draws.Draw 1 - $10,000 (Paid at closing - that means 90k credit at close PLUS 10k credit at close from rehab budget).Draw 2 - $17,500 (Paid when draw 1 is complete).Draw 3 - $17,500 (Paid when draw 2 is complete).Draw 4 - $5,000 (last draw is reimbursed when last draw is complete).Connect with me via email and I can give you some references.

This will allow you give a reference point on how much potential rent you can receive.

@Jon DawesI personally prefer liquidity and flexibility and like you said so many variables which is why it's never clear-cut in personal finance.  

It is very unusual for one person to have two service dogs. 

B grade property walks are attended by my children to run around and tell me which bedrooms they would pick if it was their home.43605, 43608, 43609 are the popular zipcodes for bottom-budget value purchases...I manage a ton in these areas and my personal portfolio contained over 40 43608 properties at the peak. 20% of these properties will be crazy money earners, 20% will be astounding money pits, and 60% will fare average.I have evolved into the nicer 43612/43613 for my personal portfolio and find the properties earn consistently and far smoother than my 43608 houses. ($80k renting for $1200 vs $40k renting for $800 multiplied by the ratio above vs boring consistency of the nicer area) Oh and I have zero excitement for apartments.

Duane, I personally do not like to finance an entire deal, for that matter I like to have a very low debt ratio.

Another concern is the massive personal mortgage my father obtained in 2021.

This topic can be very specific to each person's situation.