Your total project cost is only ~ $143k. 3c) Your interest rate is probably going to be in the low to mid 7s, at least4) All states/areas are different, but I usually see with my CFO clients that their property taxes are higher than their insurance, with taxes often 1.5x higher than insurance.5) Lastly, I saw PM fee of 8%, are you paying someone else to manage this?

You could have just caught the right breeze, or the low rates might have given you a spurt.

@Bonnie Low this is great info and exactly what I was looking for.

Step 2: Narrow down your "buy box" (are you market-indifferent, are you looking for a certain level of cash flow, etc.).Step 3: Connect with real estate agents and begin making offers!

We are in a constricted market cycle, low volume, strained budgets, high costs.

I am finding it difficult to find deals due to inaccurate rental projections with high prices and low supply.

Hopefully you can identify with some part of my story and if you’re not at my level yet, you’ll be encouraged by how I got here.

Whether it’s worth it really depends on your goals and comfort level with the process.

Super low vacancy rates in SD, even STR's. 

Depending on the actual age of the property, at least some level of deferred maintenance is not uncommon.