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Updated about 4 years ago,
3 unit home north of baltimore
So this would be my first rental property. It is currently occupied and rented for $3175 the house is for sale at 325k. My mortgage would require 25% down and with closing costs rolled in my anticipated total cash to close would be 100k. Loan amount would be 243,750 and cash flow $1775. Take into account maintenance and such i think I should be around 1200 in cash flow. What else should I consider before moving forward? Does this look like a decent first property?