The property has remained 100% occupied throughout my ownership and is on track to continue receiving market rents from both tenants.

The property has remained 100% occupied throughout my ownership and is on track to continue receiving market rents from both tenants.

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

Purchase price: $62,000 Cash invested: $60,000 Project in progress: Off market dealPurchase: $62,000Rehab: $60,000ARV: $165,000 What made you interested in investing in this type of deal?

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

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

It is not that good at the price point of DC or in my market (but better than my market).  

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 market appreciates you can get a HELOC on it or cash out refi in a few years to scale faster.

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