Hey Genesis, congrats on looking for your second rental.I'd highly recommend throwing Detroit on your list of places to check out.

With all of the underlying assumptions being equal, the current rent roll provided the following matrix.

Funny enough, I ended up renting the property to 2 different parties this summer, both of which commented that it was exceptional value for the price point.

@Liliana Galayou will need some of your own cash - there is no way around it and borrowing 100% is high risk.also - not to discourage you, but to help you - flips are tougher than as portrayed on HGTV. 

Rates currently range from the high 4.00% - mid 5.00%'s depending on the asset / borrower / location. 

Texas is a hub for investors due to affordable housing, high demand for rental properties, and favorable landlord laws.

If you're providing all the hands on work and your partner is the money, there's pro's and con's to each.

You can hire a cleaner to clean, charge the tenant who left the space dirty and not leave your high-paying job to do low-wage work. 

At 1132 out of pocket you are beating rent, paying down your loan, and hopefully appreciating in value too!

Typically a cost seg can provide a ton of benefits to accelerate depreciation on pieces of the purchase that wouldn't usually be allocated out under normal circumstances.