you will need to qualify for the house under both payments, assuming you have no other rental properties over 2 years.I did this & it worked out wonderfully. house sat vacant for 2 days, tripled the amount of space in our new home, and 6 months later a comp identical to ours appraised for $20k more.everybody on BP said not to do it. that it won't be a profitable rental cash flow wise. but it has definitely been profitable from a net worth standpoint.so far, so good (fingers crossed)!

New construction is REALLY easy to ballpark, but isn't not for sure until you get solid plans in front of you.Simple jobs for small houses (Paint, carpet, new fixtures) look a lot like me walking around counting doors, windows, toilets, flush lights, etc. on my fingers and toes.

Crossing my finger that the closing happens lol, as there’s been some hiccups.

So much information right at my finger tips.

I still own a lot of my equipment, and have graduated to "finger pointer/organizer/budget manager/a-kicker".  

It just means an investor whose investment objective is generating positive passive monthly income, may better achieve that goal in say Detroit or Baltimore or may have to look into bonds or a dividend paying stock, as opposed to crossing your fingers and waiting on appreciation while getting hit with monthly cash outflow throughout the holding period.So if the number makes sense considerably in the long term... then as some way to avoid walking away from the market completely, the investor may then have to figure out just how much cash is needed for a down payment, to finance a lower principal balance, where they just break even and dont to incur a monthly cash outflow as previously discussed.

They are greedy dont lift a finger thieves.

Like if someone came to me and said they wanted to invest a million dollars but they wanted me to go get finger printed?

I’m a bit nervous but fingers are crossed.If anyone would like to see pictures I’d be more than happy to show anyone!

*crosses fingers*@C Bumby - yeah I've noticed that the boroughs are pretty similar to the SF Bay Area in terms of low cap rates and low rent/price ratios.