Honestly, I think you're estimated expenses are a bit low.

I rented a furnished home in Las Vegas, NV, to a fully screened tenant.  I used the standard Nevada Residential Lease Agreement from the Greater Las Vegas Association of Realtors. I had to add an addendum for the home...

Our median price home is much lower than Austin.

Im currently learning this lesson with New Builds that have taken twice as long to complete than anticipated.....Finishing a Real Estate project ASAP is critical because...

1) Holding Costs add up quickly
- Loan I...

@Shayan Sameer If you can service all debt and property expenses and have money left over then I'd say it's worth it.

We want to remain within a 20% deviation of the median 3/4br home price.

Happy to give you a quick background about the market.The median home price in the MSA is about $350,000, but you can find plenty of rent-ready properties in suburbs north of the Tennessee River for under $250,000 or under.

If you look at the one mile income radius and you see median household income at 45k, then take 30% of that or $13,500. 

Also make sure to build on a property located in a desirable location with larger pop density and if holding for rentals, charge median rent for that market as lenders want to see a bigger pool of buyers/renters available to occupy/sell. 

🏡 Real Estate Market Report (Single-Family Homes)📊 Mortgage Rates:30-Year Conventional: 7.10%30-Year VA: 6.45%💰 Median Sales Price:October: $485,000November: $484,995December: $484,500📈 New Listings:October: 1,959November: 1,498December: 1,175📅 Median Days on Market:October: 22 daysNovember: 24 daysDecember: 29 days📦 Months Supply of Inventory:October: 3.3 monthsNovember: 3.2 monthsDecember: 2.7 months🤔 What Does "Months Supply of Inventory" Mean?