Investors tend to not spend enough to acquire their first deal, not working based on numbers and calculations, injecting emotions into your marketing instead of data, quitting too early, and just not putting in the time and effort into learning paid traffic.Now I'm guessing you don't have a large budget to work with, so if your only spending $100 a month on AdWords, don't expect a deal or even a lead for a while.

*This link comes directly from our calculators, based on information input by the member who posted.

Which is no goodMy conclusion: This could be ok if I can get the rents up... but still not a great deal... and I don't like betting on ifs. 

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We would end up paying around $1500 monthly after renting (rough calculations).Are we stretching ourselves too thin?

Keep calculating.

Bets of luck to you!

It makes the whole process easier and less stressful when I have my exit strategy set.If you have to season the property before the refinance loan just make sure the interest only payments are included as part of the Holding costs in your calculations.  

Though, you'll have to figure in closing and fix up costs in your calculations.

Bill McBride at Calculated Risk  does a good job of writing about most of it.