Start adding up replacement roof, hvac, water heater, appliances, flooring, siding, windows, water/sewer lines, painting, etc., and $1k a year will never cover everything that eventually need to be replaced.

Water is getting in to the garage quite a bit.

I took her to San Diego for Christmas and it was in the 40's and she couldn't handle the cold!

Is there water damage?

I had friends who purchased houses in 2006, 2007 and early 2008 who suddenly were so far under water on their mortgages they couldn't see the surface.  

My name is Mike Ventura and I am from Northwest New Jersey - about two minutes away from the Delaware Water Gap.

However, it would likely be the same after year 3 and blow the Midwest CCR out of the water by year 5 and beyond, and we haven't even talk about the ridiculous and speculative appreciation investing in our neck of the woods. 

Price: $72kDown Payment: $18kMortgage: $54k ($290/month for 30 year conventional)Taxes: $120/monthInsurance: $33/monthHOA: $120/month (includes water)Total: $563/monthRent Rate: $750-800/month (and I already have a renter lined up) Thoughts? 

I've put my toes into the real estate water and I love the temperature.

The second one, there are 2 gas boilers and 3 water heaters running their exhaust through it.