Theres no way to squeeze taxes, insurance, and reserves into the remaining $240 and make it worth while.

Your $100,000 / $1000 goal is a good start, but you'll probably need a little more than $1000 in rent to make it a worthwhile rental property.

In order to make this work and worthwhile. 1.

@Dave Foster's suggestion of a 1031 exchange might is worthwhile to consider - even if you look for property to rent out today that you may eventually move into down the road.

There are so many ways to fund a deal, you just have to make sure you are getting a deal worthwhile with plenty of margin.To answer the question as to how you can fund a deal without using your own money, it is simple, you just make the risk worthwhile for an investor.

@Jessica Jay-Maleski splitting into separate meters is too costly on that property to be worthwhile, plus the government programs wouldn't give you any benefit.

Also might be worthwhile looking at renting it out as an Airbnb rental.

At what price range properties are worth while to do cost segregation?

If not it might be worthwhile waiting until you at least have your license.

Building something worthwhile is much more rewarding than compliments.