I am still not super excited about this deal based on your future expected proforma. $1000 in cash flow meets you $100/door minimum, but it still isn't super sexy. 

I want to stick near my good Ol Clark county for now, but in the future that knowledge may come in very handy!

I have one rental home that is working well for me and I am interested in purchasing more rental homes in the future. 

With rates moving higher, it is likely that your rate will increase in the future.

@Mike Dorneman No problem I hope you can figure out how to verify tenants rents in the future.

I am hopeful that this decision is a long time in the future for me.  

@Nicole GroenewaldWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

Future plans are to own rentals, learn to flip, and see what happens

A lot of investors are having a tough time with appreciation plays penciling out right now because (1) they feel that prices are elevated (2) their prediction for future appreciation is not as high or as predictable as it has been for them in the past and (3) the cash flow is low.Real estate is local though and there are opportunities at every point in the cycle (#7 above). 

Basically in the process of helping out a local college regarding their future expansion I was told some now public information regarding multiple homes the college needs to give away or demolish.