But you could still end up ahead with the combination of appreciation and principal pay down.

It's a combination of two things IMO: proximity to jobs and prestige/desirability of area.

But given the taxes that is the majority of the take away ($), I don't want to go any higher than what I came up with.And I know my % for R&M ($1,320) and capX  ($600) are very low but if for nothing that combined that if something happened I think I could cover it.

So, it's similar to the "Like" function on FB? 

The big risk is a prolonged vacancy combined with unexpected expenses.  

"Applied Accurate Knowledge is Power"You can have knowledge that is incorrect, correct knowledge that you never implement, or a combination of the two.

Better yet, people aren't going to expect hgtv luxury inside either, just clean and functional rental condition for the area.So while  it may not make the better homes and gardens cover, the quad can be a landlord's dream...

@JD Martin, I know how I function best.

We gutted a kitchen and bathroom making it much more functional for a family to live in and enjoy.

Since it's ideal to approve a rental applicant with income 3 times the rent, I wonder if combined income of multiple applicants over 18 who will be living in the unit qualifies this requirement?