It's in a good enough spot to support low rent (even "nice" homes here can't get the rent they deserve) though and still get pos cash flow.

By the end of the day, they usually wash out and therfore whatever rule the investor chooses to use to calculate OE, they can use the same one always without need to adjust for higher property taxes, etc.Mike is able to find properties at huge discounts and able to get good enough rents so that his rent to purchase ratio is around 2%.

If they cash flow and they are in a good enough neighborhood that I know I will always be able to rent them out, I would go for it.

If you can get a good enough deal, you can get a loan that would cover the purchase, rehab, and maybe other costs.

While you didn't provide nearly enough information, it's unclear that you can even afford house #1 so getting into more property sounds like it could be a recipe for disaster.More simply put, if you're not in good enough financial shape to bring an extra $15k to the table to sell house #1 *and* put enough down on this newer house that you want to buy, then you're not in position to buy this newer house period - let alone own 2 houses.

If I could get a good enough deal I would like to purchase something if I could get the financing.

this assumes that the price the bank agrees to is a good enough price.

I figured a knife would be good enough... haha (I am a newbie)

My traffic was not good enough.

Wife and I both work and make a good enough wage to pay the holding cost for 2 to 3 months.