Taxes, costs, eviction complexity, etc are going to be a much bigger factor in your success than anything else.

This also leaves me with $3,750 stuck in the deal (not including financing and closing costs, which could easily add another $20,000).In total, if I had to include closing costs and financing costs, I’d have about $23,000 (if not more) tied up in the deal and lose close to $700/month before accounting for expenses.

You should be able to do a pretty decent update with $50k (purchase price not included).

I have purchased the following books:ABCs of Buying Rental Property The ABCs of Property Management The ABCs of Real Estate Investing The Advanced Guide to Real Estate InvestingThe Book on Investing in Real Estate wit...

I have about $40,000 net a year after reserves and everything but have $500k+ of equity in them.A big factor is also who you have do repairs.

@Adonis Williams, you've received great comments: It depends on so many things, including FICO, LTV, type of loan, etc.

I could write a whole book on this topic, but this is what came to mind.3) There are a few factors that I consider when picking the city.

There are clear winners in types of photos that should be included in your listing, along with examples of listings I believe achieve this.

I think another factor here in determining whether its a good investment is your age and your goals. 

Fully furnished, with all utilities included.