It will most likely end up being converted to middle income housing on the 2nd and 3rd floors, and then the 1st floor and basement could be utilized as retail space (assuming the building stays up, which is what we prefer).

My wife and I would prefer not to over pay for our first house, which we plan to live in.

My initial rent analysis for the area we prefer to invest in shows rents around $900k-$1400 for a 1/1 unit, depending on updates and size of unit. 

@Rick Martin SOFR's useless though.Everyone prefers LIBOR, aka, the curve of particular death.

As a house hacker, I prefer ready to move in houses that have many bedrooms to rent out or can be duplexed at some point.

I agree there's incentive to delay across time (time value of money), but if the discount is significant enough, I prefer avoiding longer entanglements if I can!

However, we have just about everything here, so always investor preference if want higher or lower criteria.

While I have the cash to put forward as a downpayment on this property I've zeroed in on, I'd prefer to leverage that cash for incremental investments.

Looking for CPA or Attorney (or preferably both) in Austin, TX area who works with real estate investors. 

I not only allow dogs but prefer tenants with them and install fences to attract them.