Little things like this is necessary in identifying solid deals.

Budget is important, but so is buying a quality home (not fancy, just solid and in a good area).You said your plan is to buy more rentals, so use that money as a down payment.

I prefer to just have her leave and get the new tenant in because since she is on the market looking for a home purchase, I prefer to have a tenant who will stay there 2 yrs at least and the new tenant is solid financially and credit wise.

I help them by making sure their first deal or second deal is built on solid footing. 

If managed and invested will this equity will be the root for generational wealth.

I may do things modestly different from your process, but what you are suggesting looks very solid.

With all that said, it seems you've found a solid cash flow deal in a great location. 

If you’re numbers are right cash flow wise they seem to be solid.

@Eduardo Godoy I moved across the country early in life and started over and the jumped several states twice more before settling down and planting roots in the community I have now lived in for 25 years.

I am trying to cap my next purchase at about $300k with a monthly return of ~$400 (have not found a place as I want to make sure my financial plan is solid before moving forward.Thank you in advance