It would take a hella long time for you to pay off the property from just your rents compared to other cities.Somethings to consider:are you looking to live rent free or with reduced rent or for positive cashflow?

But P&G found that this micro-targeting of specific consumers based on the data Facebook has collected on them reduced reach and wasn’t working."

For now, we are getting early occupancy agreement, which will reduce 99% of my angst.  

Use the checklist in one of my posts to guide your learning and to reduce your risk.  

I am glad to get rid of laundromat but I see that my cash flow reduced quite a bit.

Try to reduce it and cook a meal yourself for a fraction of the cost.

If he asks for a reduced rent tell him no and don't except partial payments. 

To reduce risk, my goal was to save a 6 month runway of living expenses that would not be touchable — I told myself I could only invest any money above that 6 months of savings (if you know your actual monthly expenses you can just multiply that by 6 to get that number, @scott trench explains it in his book Set for Life).However, the BRRR method involved fronting a lot of cash in a new market, managing renovations from afar, and orchestrating a perfect refinance to get my cash back.

The Republican congress wants a revenue neutral plan to reduce the effective tax rates people pay in this country.  

Then, while you are living in the unit, you will likely have a reduced but maybe not free cost of living there but you will have a nice cash flowing property when you move out.If you start with a property that is in good condition (roof, HVAC, appliances, water heater, paint, flooring, etc) then there is a reasonable chance that you will accumulate funds to handle future expenses by setting aside the two months of rent each year that I discussed earlier.