@Greg CallanWould not do it.If it's your first deal, there are probably a lot of other variables that's missing and your ability to comp is probably going to be way too optimistic.If you knew the market and have done a few deals there and know that you'd get some sort of appreciation or that $850 comp would actually work out or that you can somehow get it to $1050...then it might be OK.But I'd underwrite it at $750 and 60-70% expenses.A 900 - 2149 - 268 would be a more conservative estimate.Depends on your risk profile and how confident you're gonna be able to be right on the dot with your first go at underwriting a deal.

You could also spend a certain number of days a year in Atlanta to keep your residency there and just work out of state, or maybe working remotely would be a good option for you if that is feasible for your current job in California.

I feel like when I work up the numbers, they rarely work out and I'm afraid I may be missing something.

For investors in today's market, the competition for properties with healthy cash flow is intense.

A real gem.I now want to work on my passive income so I can leave my soul sucking factory job to persue other business ventures.I’m in a good position to have this work out well either way I choose to proceed but I’m looking for some advice from those of you who have been in the game for a while.

But I’ve always let the accountants work out those figures until I started investing in real estate 10 years ago.  

Hello all, I am a Multifamily Broker in New Mexico and work out of Albuquerque.

Youll start rehab and work out the details of the escrow and getting the 30k out.

This has made my marketing a lot more time intensive as I end up cut/pasting my carefully crafted ad as a personal reply to every single email I receive from that site. 

If you took out a 20 yr mortgage on 145,000 and paid 900 a month, that would work out to be 4.3% I think most people would agree is a great rate to get money at.