You may also want to factor in the education from investing versus not.Thoughts @Michael Lee @Andrew R.

Also how to find a good web designer?

., great GC’s, subs, a motivated Realtor, inspector, interior designer and the whole nine.

I am always watching rents in the area though, frequently looking at trulia/padmapper/apartments.com/zumper/craigslist ads and snap a photo of every "for rent" sign I see to call up and find out.There is a lot more variation than simply how many bedrooms a place has and where in the city it is located in, property condition, layout, density, and the environment around it factors into the price a lot, and rentometer doesn't give you much insight into that.

I’ve had success with buying and selling my own five (5) home over the years and found a real passion for general contracting, design and seeing a vision behind the initial disaster.

Obviously, I want to make money, but not so I can live a lavish life with designer clothes or luxury cars.

@Hamza F. the loan amount can be a factor in regards to your rate. 

There are many other factors to consider- looks like you haven't factored in Vacancy, repairs, CapEx, Property Management fees (once you move out as primary residence- unless you're willing to manage it yourself) which eats into your overall cost of Investment/ownership- from the numbers you gave it seems like you'd be at a negative cash flow if you factor all these in.

NO Booze  just coffee and soft drinks but of course designer coffee we are in the Pac NW after all.it was a HUGE turn out over flowed the office LOL.but I did do it with another person.. he helped cordinate etc.. and I invited a few people that he thought were direct competitors of his and the next day this kid calls me and basically chews me out.. .. that was the end of that relationship and the last time i go to any meet up other than if I am invited to speak as a guest speaker..

Make sure you factor in the higher turn over costs (bed bugs, rehab, court fees, etc), vacancy and management, whether self managed or not, it will take more time and effort than normal and require a hard nosed manager to keep it running.