You're not including repairs, CapEx, vacancy, or management in your rental analysis.Besides the normal condo caveats, I'd be worried that this is an appreciation-only play.

But, if your looking to simplify and play it safe and don't know the area very well you might want to just focus on non-flood zone areas. 

You can also use these data fields and build a spreadsheet that allows you to plug-and-play numbers and optimize your process.Go out there and get it!

"BRRRR" by Mr.Green is advising to save a lot and then buy house cash, and books by R.Kyiosaki are advising to start playing a little in stocks and funds to get used to investing and then get into "big" business or RE and so on.

This would be a long term play.

It was a poor rental due to the low down payment but a great appreciation play.

I work 100% remotely, so could live anywhere without my employer caring.I understand that doing something like this would really require the numbers to be spot on - and I get that (there's a huge difference in 3.5% down vs 25% down, PMI comes into play, etc). 

@Paul Sandhu What factors do you think played a part in the trailer failing?

@Cassi JustizOk thanks, so essentially I need to build my egg of cash to invest and get the ball rolling, by increasing the EOM cash...paying off whatever else I can (cc debt free), so things like car, etc...Then I can play...

The fact that the additional occupant is the previously evicted person should not even come into play.