I'm in Charlotte, but those numbers are similar to some of my deals.My biggest regrets have not been with the properties I bought, but with the properties I lost over relatively little money.You're getting ~6.50% unlevered return. 

Once she started telling me her story, I lost a lil focus. 

The guy I'm thinking of who lost his shirt radically overestimating his ARV.

Therefore a death in the family, lost wages, or almost any unexpected expense can put them behind.

(largest artillery base in the US) Those who have bet on it's closure since it's inception in the late 1800's have lost.

The potential tenants lost their home to a fire and so their insurance is footing the entire bill in addition to rebuilding their home. 

Tenants like to know that it wont cost them additional time/effort/cost to get settled into my place, which differentiates it from my competitors.That said, any non-functional upgrades -- like crown molding, upgraded appliances, etc -- are likely to lost on the tenant.

Lost the whole site and have to come back, sometimes I have to log in again.

I lost my time on the application, but at least I didn't need to use the tenant screening service.

I know there is risk believe me I know since I saw it happen to my family and friends, all of them lost everything and now rent and just cant get back on their feet.