Based on the numbers alone, I'd say it's not a great deal but would be marginal If it's in an area where you could expect some appreciation, market driven or forced, and get out of the PMI payment.

Multiple exit strategiesIn my market (DC), too many investors fighting over properties which have driven up prices.

@Llewelyn A., I enjoyed going over your posts here.

Hi all,I have been signed up for a while, but not really active on the forums, so here I am!In my day job, I am the regional product manager for Microsoft's online content business in the middle east (basically MSN.co...

I would send this to my realtorhttps://www.redfin.com/MO/Kansas-City/8207-Grand-A...I would then verify with him the rent range that I've already established of 1100-1200 as accurate.

Have enough money in the bank so you do not make financial panic driven bad decisions.In either case, have a strong written rental agreement, and written house rules that your tenant signs before moving in. 

But finding good deals in Hamilton is getting harder and harder as speculation has driven prices through the roof. 

Limited supply in my area of affordable 3 family homes.Potential risk that tenant/buyer would default and therefore I may be able to keep the seller concessions that I was planning to put aside in order to credit back to them when they were to exercise the option.What formulas/ data driven analyses should I be considering?

Plus he's had a lot of experience as a developer and a broker before writing this book.Either way, he's not giving his economic forecast in the book, merely data driven indicators for change.

The lender has the option of accepting less for the property, than what is owed, and sometimes there are a lot sold for less, and sometimes none sold for less than owed.In a growth and expanding value market, the number of list and the number sold is less, because there are other options driven by the market.