I think so, because none of these numbers take into account my W-2 salary, currently able to save about 50%, so that could be diverted to covering the RE debt.I’m just looking for options - in theory with the partners we have we could do a deal now, but if I took out the extra loan it would give us more reserves.

I'm not saying it's 100% not advisable, but there is already so much to go through just investing locally, and going out of state adds a lot of extra research/stressors/unknowns on top of that.

With townhouses or condos, you have extra fees from the HOA/condo association and the potential for them to restrict rentals. 

When income starts coming in from a rental and you have extra funds or you can mention how your net worth has gone up, etc....some interest may appear. 

Bonus for that is that any time they see a bug, company will come out and treat again, no matter when, and we never have to get a call as tenant can call them  directly, no extra charge to us. 

Having a lower monthly payment also give you the ability to pay back extra should you feel like it. 

No extra rent or deposit.

Need extra keys?

In most cases, it amounts to an extra 20 or 30 bucks per unit. 

Find a way. uber, share your room , make sure extra bucks. heck i refurbished furniture before.