All of these small details can increase value and bring buyers for zero dollars. 

The longer term loans would have lowered your monthly payments and decreased the costs.As for rent, each year you need to look at rents in the area to decide how much you will be increasing the rent by. 

FHA Loan (Best for House Hacking) 🏡✔ 3.5% down option (keeps more cash for reserves)✔ Must live in one unit for at least 1 year✔ Mortgage insurance increases costs✔ Good for maximizing leverage if you want to save cash for future investments3.

This increased this cost at closing.Additional closing costs fees - $3,737.88I share this to let beginners know that you need more than the down payment to close.

The problem is that your debt payments are going to basically wipe out that $400K profit unless there is room to increase revenue or reduce expenses.

.- Working a W2 as a firefighter, posting and consuming content- Leaving my W2 to dive deep into real estate investing and working as an agent... and still watching/posting content all while business was ok - Deleting social media apps (one have one on my phone that I use 10 minutes or less a day), diving deep into building my business and skills which have drastically increased due to pure focus and increasing my business significantly- moral of the story... focus on the things you need to do in business (dollar productive activities) and life experiences while reducing consumption will increase your success  

The property was in a great market but needed a full cosmetic rehab and basement finish to add a bedroom and increase resale value.

On a good month I net $71 a month (previously $176 a month before 17% increase in property tax).  

A high property tax rate will increase the taxes more quickly as a percentage of total expenses when the property value increases.

If you could buy it with a 15% discount: $60,000And rent discount at $2200 mo. with a 5% increase annually would be: $132,615 for 5 yearsYou would be buying the home at a 48% discount in this example.