The location (schools, restaurants, crime, etc) is decent but nothing too promising in terms of appreciation (3% annual average) Here are the details: Purchase price: $170,000Rental Estimate per month: $1500-$1550HOA: $1000/yrInsurance: $1100/yrTax rate: ~3.4%I assumed the following:I use a 20% downpayment on a 30 year fixed conventional loan w/ 4% APRNew build so warranty is covering most things so minor, if any, maintenance will be neededTake into account 1 month of vacancy per yearTake into account annual broker fee to list of one months rent~5K closing costs~2k in appliance purchasesResult: Assuming rent range of $1500-$1550/month and assuming 1 year I wont have to pay the broker fee to list:From my cash flow analysis I am projecting to have positive cash flow of around .02%-2.1% per year.

Pros- It has good schools, is very stable and has a low crime rate.

@Harjeet Bhatti by finishing your studies do you mean that I should go to college after high school, or just finish high school and not go to college?

I am a 25 year old South Denver native and have worked as a carpenter for my fathers residential remodeling company on and off for the last 10 years (throughout High School and College), since graduating college I have become increasingly interested in the business side of residential homes and have therefore been a licensed Realtor for 18 months now.

We have 750+ credit scores, decent liquidity for a down payment (we can put 25-30% down), we have modest but stable income, but we have tremendous student loan debt from law school and medical school.

I just graduated in late April and started working 2 months ago, so that puts saving $15k in perspective.

There would have to be some major reason (e.g. the unit is twice as big, it is in a better school district for your child, etc.).My recommendation would be to stick with conventional investment loans, 25% down, 30 yr fixed.

Upon graduation in 2015, my wife and I packed up our belonging and made our way West searching for that ocean breeze and ended up in Los Angeles.Experience:I made a great friend that recently introduced me to bigger pockets, and I've been hooked since.

Similar to @Rick Thomas, I also used Colorado Real Estate School (http://www.creschool.com).

We now owe 105k on the house, but we aren't set on staying there long term (don't like the back yard, long commute, less than ideal school zone).