Analysis Paralysis?

[Laura Gonzalez]

I've got a deal ready to go but I am psyching myself out about it. Can someone knock some sense into me?

I am seriously considering (I have the contract in hand) a 2 flat turnkey property in Chicago that I've been researching for about 3 weeks now. All the numbers make sense; after all expenses, vacancy estimates, taxes, property management, etc, and the mortgage loan is paid, there is cash flow of $400 a month. My ROI is over 18% and the cap rate is about 10%. The properties in the area are gaining value very quickly...but that is just a bonus, it's not included in my plan just in case that doesn't pan out.

I am worried because this would be my first deal, it's far away, and I'd be putting down ALL of my cash. Is this still a good deal if I have less than a hundred bucks at the end of the day?

Thank you,
Laura