But only under certain conditions and only if you factor macro as well as micro into your decision making process.  

Congratulations on your decision to become real estate investors.

I knew that my end goal was a buy and hold with a cash out refinance, but I made did a lot of winging things, making uncertain decision, etc that probably cost me some money, but luckily in the end everything worked out.  

I've always suspected--but I don't actually _know_- that this may be nothing more than someone refinancing their prior mortgage, and it shows up incorrectly as a change in title when the prior mortgage is wiped out with a new mortgage.  

My decision is easy compared to yours.  

The true value is our ability to gather data over long periods of time and with that data to maximize the profit of future decisions. 

Those improvements are probably already factored into the price.Might make sense for owner-occupied considering you would not have another housing payment and or cash purchase which don't sound like a good fit for you at the moment.Nice job of coming to a decision based on good data instead of "ballparking it."

The flow rate is 242.58 gallon per hour.However, based on the water flow rate in a 1.24 inch pipe with velocity 0.3 feet per second, the flow rate is 83.92 gal/hHowever, we do not believe the water readings because it is scientifically incorrect.  

@Hernan Guelman, the only reason I felt the need to suggest NOT raising your deposit percentage is that @Mike Makkar wrote: "the only way to make this property cash flow positive is increase your down payment to 30 to 35%" - which could easily have been (incorrectly?) 

However, we do not believe the water readings because it is scientifically incorrect.