Those things factor in the variance needed to have confidence in my estimating.

They stay online forever.

it is technically a real thing but very rare, and there is plenty of historical data out there that shows those who have less skin in the game are at a far greater risk of default by a factor of 5-7x.

A lot of investors are flocking to Memphis for its solid cash flow potential, and you can typically see strong returns (8%+ cash-on-cash) here, which is a huge draw.The job market is another factor.

For the record, this is what I wrote in its entirety, as everybody can see above:"As pretty much everybody knows, Mexico sadly has an issue with drug/cartel related crime, that has been going on forever.

I am assuming that these expenses should be factored into your budget prior to calculating your cash flow.

That will dramatically change the nature of the wholesaling business with the legal compliance factor that agents need to comply with.

The other thing is whether or not you plan on living with your inlaws forever.

If the rate is reasonable then it may make sense to try to save fast to get to the 3.5% down payment on a double or triple - househacking may allow you to increase your savings rate and pay down that loan even faster.As for estimating costs, closing in NY factor at least 1% of the mortgage amount for tax, plus $1500-2000 for lawyer, title and fees, then the amount required by the bank for escrow will depend on the actual property taxes and insurance.

Will factor this in our decision making process.