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Updated over 10 years ago,
First Investment Property
This is my first post here, so I'm just looking to get some more experienced advice. I'm about to dive in on my first investment property. I'm looking at a 2-3BR townhouses very close to where I live in Pooler, GA. I have at least 20% down for any of the places I'm looking at, and based on the rent I expect to get I should be able to come close to breaking even on cash flow, and I've tried to include conservative estimates for rent and for repairs. Luckily, my household has enough income from our day jobs that we could pay the mortgage at these places even if we don't find renters, but my goal is to buy and hold as a rental to create some passive income as we begin to grow our family. Here are the places I'm considering, please let me know what you think and thanks in advance!
http://www.zillow.com/homedetails/328-Gallery-Way-...
http://www.zillow.com/homedetails/242-Opus-Ct-Pool...
http://www.zillow.com/homedetails/238-Opus-Ct-Pool...
http://www.zillow.com/homedetails/128-Sonata-Cir-P...
http://www.zillow.com/homedetails/123-Acapella-Ave...