Taking the leap but.....low cash flow on rental

[Ryan Fernholz]

Hi, all. I'm looking to take the leap on my first single family rental but the market is tough in my area. After extensive shopping, I have it barried down to a small 2 bedroom house with a leaky basement (only when it rains ;). After analyzing the property it's only coming back with a 6.25% COC, and that's without the real estate percentage added on the back end. I really want to get into this house not only for the extra $125/month but also thought it would be a good little turn key 2bd to cut my teeth. I travel for a living so the less expensive fixer upper isn't appealing. Should I jump on the thin deal or be patient?