You will be skewered by the press and the lawsuits alone will eat up all of your time.

Its always painfully surprising how many various fees and charges will crop up and eat your money. 

Just be careful with condos as HOA fees and assessments can eat your cash flow.

No matter how this property is financed it will never produce positive cash flow with a value of 325K and rent at $1800.It simply boils down to how much money you are prepared to lose while you hold on.Every month you hold it eats away at your final pay off.

Refinance costs money and will eat into your profits.

I found a lender that will loan 75% of the purchase price, and I could make the deal work, but It would eat up most of my capital reserves.

In times like this, it's really important to work with someone who has closed multiple deals (at least ten), has contacts locally and is motivated by the need to eat.

With mortgage interest rates at 5% they are losing $433/month or, to relate to cash flow, they are eating $433 of their positive cash flow before they deduct any other expenses.

But, you should account for those expenses that eat into your cashflow. 

Dissolved my CA LLC last year because it costs about $1500-$2000 to operate in CA...and when you are getting started that'll eat up a lot of your gains.