Get the home inspectoion, factor in the repairs costs and see if you numbers still work.

Even factoring in HOA and property taxes, you got some pretty good cash flow and lots of potential for appreciation because the condos in the lower end price ranges become great entry level homes for first time home buyers.Likewise, if you look at duplexes, triplexes and four-plexes, it's gonna be hard to find deals under $100k a door.  

This is pretty standard with owner carry contracts anyway.2) The use of debt-financing will expose your IRA to taxation known as UDFI.  

., holding all other factors constant, lower price means higher demand which means more tenants to select from which gives a better chance of finding quality tenants). 

You need to factor in physical vacancies, rent lost to lease (you raise rents but can't raise on people already there), bad debt (not everyone pays), and concessions (free month on move in!)

When choosing a car do you make the primary decision factor by which is cheapest?

Check your market to see how demand factors in.

That can change the rules for foreclosure and it can also expose the lender to claims under Dodd-Frank and the SAFE Act.

So when you are looking at the comps, look at how long the days on market are and make sure to factor in the additional holding costs if applicable. 

Get out of your comfort zone and expose yourself... to rejection.