I don't like it I have to be honest - I think part of the reason you're cashflowing is the low interest rate and relatively high downpayment.

Instead:401(k) loans: They’re low-interest, and you’re paying yourself back.Roth rollovers If you can afford the taxes now, this gives future flexibility.Creative financing: I’ve seen clients leverage partnerships or seller financing to limit retirement fund withdrawals.One thing to consider: real estate markets today are vastly different from a decade ago.. so opportunities may require extra creativity.Have you looked into specific deals yet?

The median income is low but the amount of renters is high.

There are a million low cost or free options out there.

I think the dead giveaway is the rate and points. 5% is too low for anyone to lend now.

Hey Lenny,Love to see that you also got the Real Estate bug so youngI recommend a BRRRR/house-hack for your first oneBuy a place that you can live in with a low downpayment, fix it up, and then you will have the option to 1) Refinance and live in it2) Refinance and rent it out3) Sell and do it over again4) Dont refinance and continue to live in it5) Dont refinance and rent it outYou will have a ton of flexibility and the safety of knowing you have a place to livePlease reach out via DM if you have any questions moving forward.

Tornado, wind, hail, flooding if in a low spot, general weather related.

Has given unrealistic low comps.

Low income choosing high occupancy to stay here.  

Low hanging bad apples.