In Florida a big alligator on Real estate can be the insurance costs, and roof replacements.

Mortgage, Taxes, Insurance, HOA: $3040.37Estimated rent: $2475Total Expenses: $3660.12Vacancy (5%): $123.75Repairs (5%): $123.75Capital Expenditures: $100Property Management (11%): $272.25Information when I bought the house in 2022, new constructions Purchase Price: $373000Purchase Closing costs: $4662Current home value: 400k-420kCash Flow: $2475-$3660.12= -$1185.12; -$71107.2 at 5 yearsCash on Cash Return on Investment (CoCROI): 0%Appretiation per year (6%); $535,290.23 at 5 yearsEquity: Loan value $345,089.53 at 5 years; $190,200.47 in equity at 5 yearsLoan Value today 6/2024: $368,201.59Total ROI in 5 years= (Total profit/Total Invested capital)/ Time (in years); Total profit: $190,200.47Total Invested: $71107.2 (neg cash flow) + $42757 (closing sale costs)= $113,864.20Total ROI (5 years)= ROI 67%, annualized ROI 10.8%My biggest concern is that I am relying solely on appreciation and assuming will appreciate at 6% per year. 

Rule number 2:  The Option Consideration is NOT a deposit on the purchase, it's the cost of the Option Contract, and it should NOT be given as a credit toward the purchase of the property. 

When buying a Real Estate consider property tax new cost specially in today's Market.

Padslip has that model, it is a kind of the competition for people who do house hacking :PGood Luck in your search and investment. 

It takes a ton of money invested to make up for a $35k startup cost. 

You can also go to sites like apartment.com or turbotenant and pretend you are looking for a home in your area to see what the competition is charging5.

I hired a local handyman by father knew to 'save on repair costs' as opposed to going with one of my usual GC's.

They claim that the replacement cost has gone up 400k since the policy was written, and that they had just raised rates this past January.  

Cleveland is a great rental market, with a low cost of entry and strong rents.