Liability - is it worth it?

[Olga Daisel]

I am in dilemma of investing or not.

I have pined a deal in appreciating area of Austin TX. The house rents for 8600 a month. I can get it for 2.75% and 20% down. That's a good part. The bad part is it costs 1.2 mil. Now after paying mortgage, insurance and property tax I will be left with 2500-3000. I have an anxiety that I will owe too much to bank, feels like a lot of liability. Also I feel that I am getting it without a need of rehab for a full price sort of speak. This is also not what I am used to.

So would YOU go for it or would you not?