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hello all,

I am about to purchase my first house. It is a nice, well-located property in Miami, FL. The property costs about 240K, and with a 3.75 APR and 10% down, my monthly payment is about $1,750. On the other hand, I could put 20% down, get rid of PMI and reduce my monthly payment to $1,540. The property can be rented anywhere from $1,700 to $1,950+ a month. First I want to rent it and maybe move in there in a few years down the road.

Would you recommend 10% down and break even every month, or 20% down and have a positive cash flow of about $300 a month?
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