That is provided the borrower has the capacity and desire to pay the loan back.

This house is also in a desired area so I believe renting will be easier than less desirable areas. 

Maybe not desirable but theres a major difference imo.Can't pin names on my phone. .boo

Anywhere from St Pete on down to Naples or Marco Island is desirable.

(Sometimes I get this weird desire to sit in a room full of people that are so eager to do what I'm already doing).

I have a spreadsheet that uses the same formula but rearranged to determine my max purchase price for a desired profit.

I decided which tenants were the keepers and which were less desirable.

I have a desire to learn more and invest in multi family units and am looking around the Southern California area.

For highly desirable units you can get more but they are few and far between.

The reason I did this is because I'm young,  single,  live pretty simply, it doesn't disrupt my life too much to pick up and move, and the property was in a desirable location so I knew it'd go quickly if it went to open investment.