I would consider the tenant's past, as well as the condition of the unit, my local market, and other factors.

With that being said, the interest rate is going to be the single biggest determining factor for whether you're barely breaking even, or seeing a decent monthly cash flow.

To all those stress I had to go through during this process the only consoling factor is the judgment amount I got through the Justice of the Peace Court.

(I know everyone doesn't have that opportunity.)Another factor is the type of deals you're looking for.

And that’s before factoring in selling costs—commissions, taxes, and closing expenses.

Do you plan to live there forever?

And this low demand could be a couple of factors, either a rural location with low population density or the area incomes are not high enough in order to prevent a rent burdened scenario. 

I'm eager to invest and I hate to put it off forever.

And while yes, no one has the same pricing (combination of factors), I also continue to check on a regular basis our rankings and how we "present" on total costs per stay vs. our competitors.My gut says there is price creep and we might have a ways to go before the market really corrects.

We measure against 15 different factors.