Rental that doesn't meet the 1% rule

[RJ Jackson]

Thoughts about purchasing a brand new home that doesn't meet the 1% rule. It's near a new elementary in a growing area outside of Austin. 205k, 3/2, rent is about 1500 in the area. It will be my first rental which is why I prefer new but is it smart to ignore the rule in this case?

[Brandon Sturgill]

@RJ Jackson Investing is relative...if you live by made up rules, you will likely never get in the game or pass on solid deals that could help build out your holdings...

Are you comfortable with the investment outside of any rules? The only questions I would focus on are 1) is it cash-flow positive? 2) What does the upside look like (increased rents and appreciation) 

Also, does buying this property align with your real estate investing goals...what are you future plans and how does this purchase affect those?

Good luck!