Having a problem tenant and dealing with eviction could happen in any market.

Do you have experience and know the cycles of your market so you know the best price?

Pushing into other, close-by, markets is the best (and maybe only) way to make it work.

This is my market and I live and work in 78610.

John I rented a 4 plex i remodled in charleston as the flip market had slowed.. the tax's on it were substantially higher than an owner occ property.. could be the rates were different this was a 1.2 mil prop..

There are really great REI opportunities in different markets - markets in the Midwest and Southeast of the country are particularly lucrative - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.

If you just take the 13,835 financed at 6% you are adding 83 dollars a month. so a double whammy.Now, lets consider if rates drop to 5.5% in 24 months (not a prediction just a what if) and you could have refinanced at a much lower costs then the above scenario in what you paid in pre-paid and additional interest. on the other hand, if rates for your same scenario after your 5 year payback period is 9, then you will have an asset with a much lower then current market rent.  

If you have experience in cash-flow markets, creative financing, or multifamily properties, I’d love to connect!

This property has a ton of deferred maintenance but I'm purchasing it well below market value and I have a decent budget. 

Focus on learning market trends, property valuation, and different investment strategies.