That’s like depositing $300 into a savings account every month.Plus, it’s an investment property, so you can depreciate it to save on taxes.More Than $1,500This isn’t just about making $1,500 in rent—it’s about building long-term wealth.

Let me know if you’d like more insight!

Tough situation.Sounds like your mortgage forces your hand. 

He is looking at a group of investors like myself to bring 25% of the project value and then procure a bank loan for the remaining 75%.

If you like the idea of a self-directed HSA like @Kaaren Hall mentioned check out providers like Accuplan and IRA Financial Trust. 

These are features like online renter payments, tenant portal (for payments and work orders), help keeping track of work orders, tax reporting features, and accounting functionality.

I asked the question so I could make sure there weren't scenarios like this I wasn't considering.For context, I'm not talking about historical homes in places like Martha's Vineyard.

You would really want to do your own due diligence and probably fly to the market(s) you'd like to invest in.

I would like to enter the landscape of real estate investing, but the area I live in has a barrier to entry with regards to cost.

Your goal of buy and hold and flipping so soon seems very difficult, especially with a young child (our first is due in January).