, a passion for being out in the woods or on the Bay, and a 9-5 job as an engineer for Johns Hopkins that I can't wait to say goodbye to.I'm looking forward to participating in the BP community as a giver and a taker!

Exterior needs repainted, but other than that pretty solid.

That use of leverage is really the only solid reason to invest in rentals and deal with landlording and so on versus the stock market.

If you sleep better at night knowing you've got solid equity in a property that also generates solid cash flow, great.

The work involved in finding the deal is the same and the returns is higher.Regarding your question, instead of going for average cap rates, I would buy a property if it makes sense financially in a location with solid job growth.

A chargeback could conceivably affect us on the PayPal side of things, though it would be extremely rare (knock on wood, I've never had it happen on a rental though I did have it happen once for an item I sold on ebay, by a scam artist.

The place looks pretty solid outside of a 70's tile kitchen counter and somewhat sparse landscaping.

The $200 is just mortgage, not repairs which haven't been too costly over the past 5 years (knock on wood).

I found that a thinner margin for a rock solid house makes better long term financial sense and has a much lower hassle factor.

Things like Legal, Accounting, Marketing etc. can all be things that you would want to account for even if just as a miscellaneous/fudge factor.That being said with that giant vacancy rate and pretty healthy maintenance line item the numbers look pretty solid.