Most will say your expenses are too low; Some guidleines you can adjust :Vacany - 8.3 - 10%Maintenance - 10 %Capitol repairs - 10 % -Remember you are not going to have major CAPEX every month, the 10% is to pay for the new furnance in 5 years or new roof in 10 years if you buy and holdProperty management - 10%Does your mortgage of 571 cover taxes and insurance , or just P&I ?

all major paint company have engineers that you can call for free that will tell you what type of paint to use in low temp. alot of people will tell you not to paint in those condition but that a normal paint they have engineered paint that is made for the cold so check with your paint rep.

there may be relatively minor problems with the property or there could be a major damage to vital components.From the properties that I've seen there is also wide disparity on what is insured/uninsured by HUD.

House is down and having to come up with major repair money and carry the cost.

For example, in Jim Rohn's book The Five Major Pieces to the Life Puzzle there is a short paragraph about little things having big impacts.

The new management told him to hit the streets because he didn't have a degree in a banking related major.

@Tim Pommett what did you major and minor in?

The numbers are stacking up and there is a major shortage of rentals, with double digit returns.Downside is I live in the UK but the returns in the USA are just too tempting but I will have to come over and be the project manager, I had nightmares on my first project in Siesta Key when I left the contractor to his own devices, so that will be my only choice

House was built in 2008 and should not need major renovations for at least another 10 years after finishing rehab.We are trying to figure out whether to rent or flip.

I think this is pretty conservative in case I run into the high turnover and major repairs which are sometimes more common in these types of rentals.I also believe buying properties at such low purchase prices allow newbies (like me) to learn and make mistakes without taking huge risks.