But I was in crunch of time having being out of town and back to lend her the key and her being a Teacher I kind of trusted her. 

So crunching the numbers before buying the property I knew that if I was like those other people getting 1300-1400 per month that I would not be doing well.

Thanks - I understand that a cash-out refinance would  give me up to 80% of the appraised value.I would take some of that 80% to put down on another property but would need to take out a mortgage on the new property essentially meaning I would have 2 mortgages.The problem I see is that once I am approved for the cash-out refinance I would have to find another property quickly to avoid paying back money I have not used for anything.If anyone has been successful in a similar situation I would love to hear how it was handled.Still crunching numbers.

@Ryan S. crunching a few numbers quickly, my personal max offer on this would be about $185k.

@tom goans tks for the reply I hear trying to crunch # but just doesn't add upis there any thing I can do with this house other options

I am fairly new to the rental ownership scene as I'm presently crunching numbers on multiple properties and cherry picking the ones which make sense for me to make offers on.

Once you know the tax rate for each area, it is relatively simple to crunch the numbers based on an actual address. 

I am now interested in crunching the numbers on some real properties and practicing some negotiations with brokers and owners.

Quote from @Greg Parker: In a number crunch of 300 cities using 10 metrics ranging from home prices to tax rates to vacancy levels, WalletHub determined that Montgomery, Alabama, was the nation’s most affordable city for homebuyers.

Crunch the numbers and scrutinize every entry.