I would have to save some of that for emergency expenses, reserves, etc.My original thought was to reserve $50k for 1 nice class b/c property at 200k (assuming all the metrics were sound.)Are there advantages to buying two less expensive properties versus 1 more expensive?

Sometimes people will ask the hard questions on this site, but it's better to learn it all now versus being thousands of dollars out of pocket and having headaches!

Would appreciate receiving allAnalysis question:Property: SFR Year Built: 2003 State: GA Purchase : $48K Rehab: $3K Status: Vacant Expected Rent: $925 HOA: $150 pm Insce: $60 pm Tax: $60 pm Repairs allowance: $100 pm Vacancy %: Estimated at 15% Price History: Sold Mar 2006: $128K Sold Aug 2013: $39K Sold Jan 2014: $48K Averaged Price Estimate from 4 realty sites: $55K, Question: Have Offer from a Realtor to Buy property at $62K with Seller (me) financing Realtor will be asking for 3% commission for selling property, possibly towards down payment, so net say $60K (I'll make Buyer pay for other misc chgs and fees) What would be breakeven interest rate to make comparable the 2 options i)the rental versus 2) seller financed sale at $60K with $6K down and $54K financed?

If you check my post we  specialize in little equity pretty houses working with either subject to wrap or lease option acquisitionsWe basically show the seller of the cost to sell with an agent which is generally 1015% of the value of the house adhesive check commissions closing cost sellers concessions and spruce up cost to compete with other houses also holding costsThen we show them the pluses and minuses of renting it out versus doing a lease to own or subject to or a wrapDon't do the wrap or the subject to unless you can afford to make the payments on time no matter what happens to the person in the houseYou may not have a legal responsibility to make that payment if the tenant buyer or renter doesn't pay you but you got a moral obligationIf you're absolutely broke don't do wraps are subject to ever and focus on lease-option assignments where you can park at $5000 a deal stuff out of the deal

Many buyers who plan on investing in single family homes look at the rent versus purchase.

Working on the business versus working in the business, as the book The E-Myth Revisited points out.

For instance a 60,000 dollar duplex rents out for about 400 a unit in a sketchy neighborhood versus a 140,000 dollar duplex renting out for 600 a unit in a nicer neighborhood.

Versus $200 to drain it.

Some of teh REI talk about spending some more on upgrades (ie wood flooring versus carpeting) so it is easier to maintain  and less for them to damage.  

Therefore, I'll give you my thoughts which, of course, are based on my beliefs.Given the price point you're talking about plus your cash savings plus your excess monthly cash flow, I would consider investing now versus waiting.