Excluding any land costs, site prep. 

Post secondary education, excluding medicine and engineering, is already a complete waste of money, as has already been pointed out in this thread. 

That's factoring in everything including maintenance, but excluding cap-ex.

Now Zillow says the Zestimate is $1695.I like to use everything: Zestimates, Redfin estimates, and the CMA and knowledge of a professional agent.Zillow also have a private Zestimate tool so you can include or exclude any specific properties in its database.

@Rich Hupper If you're an agent, you should know some of this basic stuff;Private liens, mtg.s, judgments that are junior to the mtg being foreclosed will get wiped out, assuming they were named/served.Buying title insurance does Not take care of existing issues, they are excluded.  

If the loan is on a primary residential property the lender/buyer/owner of the loan, excluding the above exceptions, must have a Georgia Lender License.  

Then, the next question is what type of deals would you be excluded from even under a corporate entity?  

If your quad has no yard maybe apartments are fair comp but all of my units have a yard so I mostly try to exclude apartments from the comp and if I have to include them I do so discounting them because they have no yard.  

Net worth, but does that include the net worth you have in your primary residence, or is that excluded?

Monthly mortgage payment: $460 (assumes 20% down, 3.7% rate)Insurance: $94/month (assumes 0.9%)Property tax: $281/month (assumes 2.7%)Vacancy: $133/month (assumes 1 month out of 12, or 8.3% vacancy)Maintenance/repair: $104/month (assumes 1% of purchase price)Cap Ex budget: $112/month (assumes 7% of rent, somewhat arbitrary)Property management: $144/month (assumes 9% - I will probably self manage, but want to budget this into the cash flow)Association fee: $25/month (many neighborhoods have a small yearly fee)Total Operating costs: $893 (excludes debt)Rent: $1600/monthNOI: $707/monthCash flow after debt: $247/monthCash on cash return: 11.6% (for $25,000 down payment)I based my target purchase above to aim for > $200/month in cash flow with what I think are reasonably conservative assumptions.