My first deal. Nervous!

[Jesse Ramirez]

So the house in a c neighborhood at best in San Antonio.(not sure how to classify neighborhoods). It’s a front house(3/1) with a Casita in the back(2/1). The laundry room is separated so both parties can access it. New water heater, newly remodeled and they just put central air in the front and back house. The fha appraiser just appraised it for 145k and that’s what I would be paying. They want 4100 down at 5% on a fha. I have plans to rent the front house full time and Airbnb the back. I’m expecting anywhere from 700-1000 for the front house. The next door neighbors backyard is junk and not friendly dogs separated by a chain link fence. The mortgage is coming out to 1100 a month.

https://www.realtor.com/realestateandhomes-detail/1711-W-Laurel_San-Antonio_TX_78201_M81261-94519

Is this worth it? It’s my first. Am I stuck in analysis paralysis? Let’s say i only pull 700, is it worth it to cover the rest on my own?

[Tyler Bobo]

Ask your Realtor for a solid rental agent in the area, and find out for sure what you can rent it for.  Expecting 700-1000 is too far of a spread, a good property manager should be able to tell you much better to help you decide.