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Updated almost 4 years ago,
First Property - Good or Bad?
Hi! I've been looking for my first rental property. I just want to get started so I can start getting hands on experience. However, I don't want to do anything dumb and get into a bad deal from the start. I wanted to get everyone's thoughts on the deal that I ran the numbers for in the report below. It doesn't cash flow a ton, but the CoC looks good and it doesn't need much work (which actually goes against my initial plans). Anything jump out at you as a big turn off?
https://www.biggerpockets.com/analysis/rentals/e92aca0e-38c0-49fa-8c6c-05e65cb123af.pdf
Thanks!
Scott