Real Estate Investing - Akron Ohio Area
Hi All! I'm a newbie here and stumbled upon this site as I recently started to explore the idea of investing in real estate. I am currently in the Akron area and thinking of starting off with investing in single family rental properties around the area. I've been doing some research and seem to be struggling with the profit that can be generated, it just doesn't seem worth the stress for 1 property. For example I've come across houses between 40-60k which can serve as rental property with average rent $800/month. However when I do the math (operating cost, property tax etc.) the ROI/profit doesn't look favorable after all the overhead cost. Should I wait until I can afford more than 1 property or am I thinking of it the wrong way? Again I'm completely new to this so any advice will be helpful and appreciated, thanks!