Everyone says "Johns Hopkins area", but the Johns Hopkins area can mean both really nice or total warzone depending on the block.The 1% rule is relative, in Baltimore I would expect closer to 1.5% or 2% depending on the area and corresponding level of risk.

Total $2700 on a $350K property is too low.

Is this site part of a development or totally secluded?

@Jenny HartzogYou could totally do that.

Hi everyoneFirst time using the BP calc , so perhaps I am just not understanding BP method or I am miscalculating , however ....I input a home's data sets with all associated costs and the complete loan amounts, points, fees etc.When the results came back , The ROI was based on the total project costs.. i.e.

My hope was to have more cash flow in total after the 2nd property, but after evaluating the comps in the area I realized I would be cash flowing about the same.  

Also is it true that I can make up the low yield by growing the rental units thru refinancing as total income or asset value increases?

I do plan to budget another $5000 per year for boat maintenance (haul outs etc.) so total yearly expenses would be roughly $9000 plus utilities.

But the homes down south of Chandler - totally different story - I would have lost my shirt.So bottom line, I found that if you buy in a ROBUST area that has demographic tailwinds (jobs, pop growth, income growth) and more importantly, at the right LOCATION, you will not lose money, as long as you are able to HOLD thru a downturn.

@Nemo PatelI totally understand.