But if you're not even breaking even factoring in vacancy or repairs, then that's probably your answer. 

The only thing I would add to Noel above is to factor in the rehab amount in that equation. 

Or are there other factors I need to consider? 

@Vicky Gatrux It really depends on a lot of factors.

The numbers look good though you did not factor in Hml/hold time.

I totally agree with you that one must factor that into their decision making when investing but buying subject to is a no-brainer for the most part.

As long as you have those factors, it's going to attract a lot of investors.

You have that hustle to make it happen, which is a key factor in riding any down turn.

If you factor in 4% in down payment and closing costs and $350/month in MI for 6 years, you are looking at roughly $40k in investment.

Most people dont focus on these because typical loan officers just say dont worry they are financed in your loan and you dont have to come out of pocket for them but still they are a huge factor in your total costs of financing.