Sales of existing homes jumped 20.7% in June compared with May, according to the eternally optimistic National Association of Realtors.

I will agree that the repair budget and lack of CAPEX budget is a little too optimistic.

You are very optimistic about the "light rehab" you mention here.

My only worry is the class of tenants that would be interested in living in the area currently.I too am very optimistic on the Beltline development project and its added benefits to the surrounding areas.

9.5% is still optimistic and probably not accurate.When was the roof replaced?

Since consumers are optimistic, this correction will drive some fear back into the market. 

In conclusion I might be overly optimistic about real estate.

Thank you so much for your replys and for sharing his viewssome are optimistics ( I always want you in my team)@NdyOnyido I look in everything@Mehran K I missed many boats so far ;) only got 1@Jay Hinricks This is the best !

However, I'm optimistic I can find one below 5% interest, which would make it more profitable than FHA.

That puts you in the hole by $728/month.Even with a more optimistic assumption of expenses being 40% of rent, you're still in the hole $408/month.If you pay cash, and using the optimistic 40% for expenses, you get $1920/month in cash flow.