If it's not, you'll be in a serious time crunch trying to get it rented after January when you close.

I would have your realtor crunch numbers or use the bigger pockets calculators to make sure the numbers make sense while possibly overpaying. 

Need to do more number crunching.

They are on a time crunch and contacting many properties when they have a client they need to house.I'm also in Los Angeles Jarell, happy to connect.

He is in a cash crunch and needs this for something. 

I say 10-13% is more realistic without even crunching the numbers accurately.

Hi everyone, Im doing a 1031 exchange and am on a time crunch, but very interested in buying about 5 properties cash in a good neighborhood (not warzone) in Detroit around $20k each that could rent for $750-$800.

Taxes are simply part of the equation that you need to crunch to determine if the deals are worth it, but that's a SET of data points vs. one data point. 

I have considered this option myself but no matter how I crunch the numbers the return on the rental income comes out ahead and the security gained from holding a mortgage is really very little security when you consider the limited ability to pay that most would be buyers in this price point will have.

It's not a crazy idea, but after crunching the numbers comparing cost of renting vs owning for me, I was saving more money "investing" my down payment on a primary residence than actually investing it in a non owner occupied property.