He is looking for $290,000 but realistic offer price with the current interest rate and other expenses is closer to $260,000. 

Others may disagree, but I would highly recommend paying off all of our debt and increasing your savings rate before investing. 

Do you understand PE ratio or CAP rate?  

Also, remember that interest rates are also negotiable, and the seller gets all the money from the interest. 

Plus the pass rates are lower for the CPA exams in a large majority of states compared to the BAR.

If you think of an old school investment club where members get together every month to discuss and vet stock investments and then invest together, it's like that, but instead of stocks we focus on passive real estate investments. 

(Quoted about 8.5% rate on a DSCR loan, and budgeting 10% of rents for capex, 9% for PM, and 5% each for vacancy and maintenance) After-rehab rents would be about 1350-1500 based on comps.

This program is also winning on our weekly interest rate survey at the moment.Here is an example of a loan summary put together for a client last week.

Rates will be in the 5's right now.

There are markets that are very saturated with STR and with vry bloated prices and high interest rates it could be impossible to turn a profit at all.