It's a great quick and dirty way to get a basic idea of how well something will work out but other expenses/calculations definitely have to be taken into consideration to get a better picture.The numbers you give definitely look good like and since they meet the 2% rule there is a high chance that you will do well but its still possible to be a bad deal without all the numbers.Lets take House 1 for example:$35990 Rent Ready, Rented for $850 = 2.36%50% rule = $425 to Tax, Ins, Maint, etc and $425 in your pocket which is greatNow lets say House 1 was in a trailer park or Co-op with lot rent or dues of $250 a month?

college vs up and comingCollege will likely have a lot more turnover and be more time consuming with make ready between tenants, but will always have a steady supply of applicants with parental co-signers...

Thank you @Curt Davis , I'm looking to understand the best and right way to structure your own entities (SFR properties and the property management co.).

Last March I found a 1/2 acre foreclosed lot in Northern Colorado on a golf course.

Not yet, I ended up moving to Denver so I put that deal on hold.

Go to a title co.. assume the mortgage.. do the reno..

@Woody Jean   Co-signing with Brie Schmidt.

I have a friend who owns or co-owns almost 2000 units now, and he didn't buy a thing for the first 6 months he was in the game.

We are looking at Boulder and Denver as possible options.  

I had an enthusiastic buyer all set, but it feel through because her lawyer's title co. said they wouldn't insure anything bought at auction until 2 years had elapsed.