If you are getting significantly lower on the ARM option - probably a good bet

One benefit of equity investors is that you can tell them that distributions won't start for 3, 6, 9, or 12 months after you close, giving you breathing room to get the property on the upswing before distributing cash.

Two 2/1s rent would be close to double that.

I recently purchased a duplex in Columbus and discovered after closing that the former owner had an estoppel in place with one of the existing tenants.

That looked like it had great potential, since purchase prices were significantly lower.

Would like to close on 20 rentals in 2023

I am considering starting with Staten Island and Long Island, as they seem to have relatively lower barriers to entry in terms of pricing.

Search radius is particularly important if there are competing condos which are higher or lower than your property due to condition, amenities of the complex, and age of unit.

if you have the ability to provide these appliances and  can hook them up safely and  easily -   do it and increase the rent a bit  ....if it is  challenging to get these installed / hooked up - forego the  appliances and make  rent lower for the tenants inconvenienece

Hope this helps and you are able to get this closed!