Our real estate is like BBQ.

Haha pretty ironic that most of the employees drive other German brand cars.

I had an hour to kill while ironing some clothes for my new job. 

Below is an overview of the numbers.4bed/4.5bath    1,760sq ft    Attached 1st level garage    Private fenced and grass backyard for each unitModern appliances and designCommunity amenities such as pool and bbq areasInitial Investment:Asking price: $239,900Initial Investment: $48,000 (20% down) + $8,000 (closing cost est)$56,000 totalMonthly Income:Rental rate: $2,400Monthly Expenses:HOA Monthly fee: $125Covers everything exterior... painting, fencing, mowing, etcProjected taxes: $450/monthHazard Insurance: $55/monthManagement company: $168 (7%) Projected Mortgage Note: 30yr note assuming fixed 4.5% interest rate$970TOTAL: $1,768/monthNet Cash Flow: $632/monthDoes anyone have any initial thoughts or things I may be overlooking?

Ironically, two years later, the rate has gone done below the original insurance cost.

Zachery, I would recommend planning a weekend trip out here to the home of the world's best BBQ!

Oh and we all pay more when a realtor is involved, too,But your question to me is ironic -  why would I pay YOU extra when I can look at what's on the public MLS as well?  

It was really a remarkable rant (which made some seriously faulty assumptions about my educational and professional background.)It's all sort of ironic.  

That is why you need to have multiple irons in the fire all the time.  

(New pool house gym, fire pit and out door BBQ area, beach volleyball court, adding a pet park, clubhouse,  and upgrade of pool area and leasing office.)3) They have 2 model units, I will only have 1 model unit.4) Professional ManagementPlan on increasing rents to market and holding 7-10 years.