You can afford to pay a bit more if rates cool down.We need to also remember that BRRRR become a really hot topic in a low interest environment.

Started out asking $300 rent and $600 deposit ($900.00) for a one bedroom with water, sewer and trash provided.

Water, trash, internet, and fire wood make up the rest of the utility allocation.  

Property details: 3 bed 2 bath both sides with attached garages, aluminum siding, copper plumbing, 1972 construction, separately metered, all electric water heater, range, dryer, public water and public sewer on a slab foundation in a great school district right next to brand new construction everywhere.

Purchase price: $300,000 Cash invested: $31,0002/1 X 2 duplex with new roof, newer AC's and new water Heaters in really good shape.

You are talking about a new water service line upgrade right?

If you don't know how deep the water is, you may get more than just your "feet wet".Third Lesson.Cheap and discount are not the same thing. 

I would have personally waited a bit to list in the spring when things are hot and everyone is over-bidding. 

I guess not to buy since I just finished one of the new BP podcast episode - Rent INSTEAD of Buying by Jonathan lollKeep on renting does make sense at least for now (and maybe a little longer since the housing market is still HOT around here.)

I bought two SFR is Desert Hot Springs (years ago).