It's good you are practicing deal analysis and adjusting the inputs to make it cashflow!

If you haven't considered an full initial analysis of a rental, take a look at my blog post from a while back explaining how I go about it:https://www.biggerpockets.com/blogs/6815/45137-my-...Hope that helps!

@Puett Willcox educate yourself more before making a final decision without getting caught in analysis paralysis.

We are not the type to jump into things without thorough analysis, and having made our decision to become real estate investors, we have the intention to build a portfolio over time rather then looking to buy just one or two.We have a couple key members of our team already established and we have created the corporate structure we need.

Without getting into any deep analysis, I would say the first thing you need to remember is that if you're going to be owner-occupying the property as a househack, your equation changes entirely.

However, this should also reduce the amount money I set aside for Capital Expenditures since everything should be brand new (which in turn, would increase my cash on cash return but I didn't account for this to keep the analysis conservative).Please let me know if I should buy this as my first investment property.Thank you

I don't have an issue with this aspect of the analysis.

As far as analysis...

Run the full cost analysis spreadsheet and define your goal.

With the details you can do a cost benefit analysis.