Hi @Malcolm Leake, That’s a great, well-thought-out comparison, you’re already approaching this like an investor, not just a buyer. 

@Garret Rumbea Larger multifamily syndication is an overly broad label and using it without distinction leads to misleading comparisons.

The key is being intentional with your next move.I would also be careful with the comparison to the $200,000 single family in Indiana that cashflows +$400 a month.

Especially considering occupancy percentage is much higher for 1-2 bedrooms in comparison to larger bedroom properties. 

This isn't quite that straightforward, because with owning you have you monthly payment (direct comparison to rent in terms of cash flow), but you are also building equity and have the asset at the end of the day.Personal desires: like Aarya noted, if you buy it, you own real estate. 

And that analogy is even far too weak a comparison.

Consult a real expert who does a thorough comparison, not some useless quick estimate on a napkin.

Meanwhile I'm having to add several hundred dollars to my monthly expenses for the purpose of 'principle paydown'.Principle paydown PALES in comparison to appreciation.

You’re comparison is like apples and oranges.

Meanwhile I'm having to add several hundred dollars to my monthly expenses for the purpose of 'principle paydown'.Principle paydown PALES in comparison to appreciation.