[Calc Review] Help me analyze this deal

[Seth Wingate]

Hi all,

Had one rental in the past but never in this market.  This doesn't hit the 2% rule.  So do I just walk?

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[Tim Herman]

@Seth Wingate where you getting a 5% mortgage. Closer to 7% or greater. No mortgage insurance on less than 20% down. A vacancy factor of 3% is your tenant staying 33 1/3 months. That means when you evict and it takes you 3 months to get them out your next tenant has to stay 100 months to get back to the 3%. Banks will underwrite at 5%. Did you run capex and repair budgets or just using percentages. No PM. Are all utilities separated? Any grounds keeping expense.