Interest rate is 6.25% Nice house, nice neighborhood.

I'm an investor here in Columbus OH myself and have seen the city's solid and steady growth with strong economic fundamentals driving the market like major companies moving here (Meta, Intel, Google, Amazon, etc), job growth, and population growth.

With their low income and it's unlikely they'll get a better paying job.

Investments from CA tech companies is driving job and population growth. 

My job is flexible which I think would be important when trying to manage my first property so thats why .

Your job is in Dallas, you are owner occupied?

On the flip side, if you've got a bunch of Section 8 tenants living in a building that's in a neighborhood where a lot of the tenant base has good jobs, high credit scores, and are generally reliable people, you've got the most risky tenants in that tenant base and that ain't what ya want.

I love the idea and its really quite nice because the costs are minimal and upside is huge.

Yeah that sounds like a nice little cash cow =).

Your specific variable expense assumptions are wrong, BUT you stumbled into them being correct overall.Also, you are approaching this correctly - entering in the numbers to generate a purchase price that meets your metrics:) Hi Drew, nice to see you here!