It seems like you have been pretty conservative, so that is good.

The appraiser that was assigned to our refinance gave an overly conservative appraisal.

Conserve your capital, nobody went broke from being underleveraged with money in the bank.

I have wifi thermostats so I can change temperature when no one is there to conserve electricity.

Lots of variables here.It depends on how conservative you want to be.Me, personally, I'd take the monthly cash flow and security of the MF.

I went with a conventional 30 year loan in an LLC, my PITI is 1050, tenant pays 1600, it appraised for 143k which I think is low since the identical house next door sold for 170k (LESSON LEARNED - always be very conservative with the appraised value.

@Daniel Dietz Couple Thoughts:-You should be able to get a better interest rate than that, I'm sure you're just being conservative but fyi i got 4.8 on a 20 year on a 12 unit recently.

I'd recommend being conservative with your numbers because my optimism has made me buy properties that aren't great cash flowing deals.

However most conservative investors try to go at least a year before re-evaluating their intent.  

You can budget around 4% of the sale price to cover these.This is a conservative formula.