Unless your planning on doing to this in your forever home, it seems like a very risky play. 

Timing does play a role here and you may just want to hedge your position, start the cash flowing, and then revisit a higher rent when the market is humming.Hope this helps...

For Mr and Mrs Smith, you need to play mediator. 

But given availability of capital and credit, I most likely will not jump on something that is that low because I only have so many hands that I can play at any given time and cannot tie myself up on mediocre deals.

I think there are other options at play with a potential cash out refi, acquiring a 2nd property while keeping the 1st, or even selling to acquire a 2-4 unit property instead of single family. 

Madison - strong appreciation play, but negative cash flow without a unicorn deal or major cash down. 

Agent search is a scam, it's just pay to play.

The longer you play, the better you become.

Sami, we're $105K cash into our current rental property rehab... so YES we think real estate is the better play.

How does it play out thanks