Waiting on price appreciation or rent increases is purely speculative.   

Personals AND pure investments.

Is this assessment purely academic or are you seriously considering a purchase?

There are no financing options… it’s a pure cash deal.  

If you guys are purely looking for yields with no appreciation, why not invest in Trust Deed & Tax Lien.

We have done very well turning our personal properties into rental when my husband is transferred in addition to pure rentals.  

Some things like Inspection and insurance and gap lender payments are pure guesses as I've never done any of those things so not sure of the cost yet. $4,656 profit just doesn't seem like a good ROI when you think of all the risks or a problem that requires more $$$ or I may have forgot about something in the initial equation.  

But as a pure rental prospective, you paid too much.

I would feel way more comfortable with my contractor just focusing purely on getting the houses done

This is purely asking which type of lending you believe is the best route.