Anyway, hope you're not too far gone in fantasy RE land, being excited is a good thing, being gullible isn't so good.

However, at the same time, the expected rent on the properties will be $1000 a month, if you could get that much.Location, Location, Location in real estate, is quickly becoming a fantasy.  

From the merger with Southern Poly to the Football team coming next year...I'm excited for the potential.I know how the traffic is though, I live off of wade green road and it still takes 20 minutes sometimes to get to campus.What got you and your husband interested in real estate investing?

They have revamped their football program and are leveraging their differentiation.

I haven't seen a 2% rule anywhere realistic and have been assuming that to be 1% ages now.Just for giggles, I analyzed thispropertyhttp://www.trulia.com/property/3229148553-1-Quimby...renthttps://www.rentometer.com/results/tt_kOY8yPiIAnalysis Acquisition Cost Breakdown Purchase Price $150,000 Downpayment $30,000 Finance Amount $120,000 Improvements $7,000 Closing Costs $4,500 Total Cost $161,500 Cash Outlay $41,500 Financing Details Downpayment 20.00% Interest Rate % (anual) 4.50% Closing cost % 3.00% Loan Period (years) 30 Monthly Mortage Payments $608 Monthly Annual Monthly Annual Revenues conservative optimistic Gross Scheduled Income 1,200 $14,400 $1,500 $18,000 Vacancy Rate (% Rent) 10.00% 120 $1,440 8.30% $125 $1,494 Net Scheduled Income 1,080 $12,960 $1,376 $16,506 Other Income 0 $0 $0 $0 Gross Operating Income 1,080 $12,960 $1,376 $16,506 Operating Expenses Propperty Taxes (annual) $148 $1,776 $148 $1,776 Insurance (annual) $37 $444 $37 $444 Property Mgmt (% Rent) 10.00% $120 $1,440 8.00% $120 $1,440 Repairs (annual) 10.00% $120 $1,440 5.00% $75 $900 CapEx (annual) 5.00% $60 $720 2.50% $38 $450 HOA (annual) $0 $0 $0 $0 Utilities (annual) $0 $0 $0 $0 Landscaping/snow (monthly) $0 $0 $0 $0 Other 1 (annual) $0 $0 $0 $0 Other 2 (monthly) $0 $0 $0 $0 Total Operating Expenses $485 $5,820 $418 $5,010 con opt 1% rule 0.80% 1.00% 50% rule 44.91% 30.35% NOI $7,140 $11,496 Cash Flow annual -$156 $4,200 Cash Flow monthly -$13 $350 Cap Rate 5% 8% CoC 0% 10% Not to say that I would touch this property as it doesn't cash flow with my conservative criteria, but both conservative and optimistic criteria are showing this falling within the 50% rule and under the optimistic scenario (which isn't complete fantasy) the place cash flows.

There's a reason people bet more on Monday Night Football games, and it's not because they "won big" on Sunday.And, not for nothing, but it costs money to furnish, add artwork, etc. for an Airbnb house.

Everything closed on Sunday.. the food.. football etc etc..

Aledo is a great place to live, I hope you like high school football.

You may want to try those types of strategies once you have some experience first however.Imagine a football coach and it's his first season with the team and he decides to start the home opener with an on-side kick.Check out some of the beginner guides here on BP:  https://www.biggerpockets.com/real-estate-investing

Owning a piece of real estate near football venues is always profitable for Airbnb.