I won't be cashflowing either way (whether I put 0 or 20% down) because of the market conditions, so that's not really what I'm going for (although it would be nice).

Hi Kelly, this is a great place to learn and to connect with people so take advantage of all the great resources.Welcome aboard and best of luck investing!

Just have to be careful on how you respond

If you do your due diligence, it can be a great investment and help reduce vacancy.

I'd also be curious about a few things:1.

I inspected the home pretty well if anyone needs more info just pm me.

After paying closing costs, title fees, appraisal, origination, underwriting, processing, legal and other fees, the typical refinance costs about 1.75 - 2.5% of the loan amount just in closing costs (obviously before people yell at me, this varies drastically by state, but having done loans all over the country I find this to be a pretty accurate estimate).  2) Keeping the average 2% cost in mind and the fact that people typically refinance when rates drop about .75% - 1% or more, I wanted to see if paying an extra point now when I was already paying all the closing costs to buy the rate down made sense. 1 point can get you between .5% - .625% off the rate depending on the days pricing and the coupon you are pricing. 

If you'd be interested in seller-financing, I'd be open to discussing that.

Any wisdom would be very much appreciated!

We are stable long-term tenants and would prove to be a good investment choice.