Assume 100% financing on school debt if you can get in below 5-6%

You'll meet people here on BP, but you have to filter out those that are just trying to sell / market themselves.

Some background to the below numbers:The current owner stated the total monthly rent was $2800 and was 100% occupied in 2017.

I'd like to begin with an inspection of the property prior to giving them notice in order to document the condition of the unit and do some maintenance checks on filters, drains, etc.I've included more background below.

If anybody has any personal experience with either or please comment below and let me know your thoughts.P.S.

I will give an example of the rough numbers below as we believe with our own very big incomes in Australia and the rental returns we could pay off the mortgage in full in 5 years (hoping) 6-9 years (conservative)Current money saved $81,100 AUD (0.63) E(euro) 51,093 Property price E 270,000 , mortgage E 220,000rental monthly income E 1,700 (conservative)Currently saving per month $6,000 AUD = E 3,780Could potentially pay E 65,700 per annum off of mortgage.We know banks don't work like this.

After that it's all about deciding what sub-market is the best fit for your criteria and reaching out to realtors, brokers and the like.The article below should help you out: Choosing the Right Real Estate Market To Invest In: The 4-Step Guide to Success

I will need all the help I can get, so say hello below!

If your are getting the same rents as the area, but YOU think some "sprucing up" will make your place show better, then DON'T remodel.The issue you are facing will be low DTI ratio and high credit utilization.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.