Some areas, like Sedona, have an ample (500+ yr) supply of underground crystal clear, delicious water.

Secondly, 2 properties with decent cashflow and 10-12% return in Gastonia in your price range is is totally attainable.

If the home is in Madison TN, do an online search "Madison Tennessee Landlord Laws" and if their site doesn't answer your questions, call the number and ask them about attaining a license for your intentions.

I have been able to attain a few clients in the last few months but need to get a few more on the books. 

I am a novice and though 60 per sqft is attainable I am sure my lack of experience coupled with hidden expenses and things that you've mentioned plus more that I am faced with challenges.

I'm expecting a low cash flow while I occupy it, however, would something like a 25% COC return be attainable in a house hack once I move out due to the high leverage and low down payment?

Fact is, home ownership is rapidly stepping away from attainment by most.

10/7/2019Aaron – thanks for the post….the price range and location sound realistic …good to se that you down payment is ample to avoid the mortgage insurance need and to keep the loan in conforming range ….I would think you could get a bit more than 1K per room depending on the location/ type of property / room size etc … even if the purchase pencils out slightly worse than the renting scenario , its worse considering as a step towards getting a property under your belt …ideas 1) buying a 2 or 3 plex at a higher price point but this would allow higher rental income 2) buy the property as a total investment property and rent for a larger amount per month …your down payment would allow this wo work ..thanks

You can attain this in two ways; Finding a deal good enough that a person will be willing to give you equity in the deal.

It requires hard work to stand out among the crowd, but it is definitely attainable.