First, to be clear, my calculation was purely a cash-on-cash return based on your 20% (34K) down payment and 415/mo net income. 

With what you're telling us here, you only need to put down the downpayment, and then all the other costs will take care of themselves, with the rent being pure profit.  

I think the important thing is to buy something, whichever one (partly owner-occupied or pure investment) works best for you in terms of #s and other factors (location, living next to your tenants, etc.).A portfolio of 1000 units begins with a single first purchase...

(Pure education, zero sales pitch.)

I'm talking purely about numbers.

Even if you succeed, the path so far is one of almost pure luck (and dreams).  

Purely examples

My recent client wanted pure cash flow, so we found him a double in Niagara Falls for $19k that's fully rented grossing $11k /yr!

Someone can say an areas has of job growth new development bla bla, and then a big factory closes or a military base shuts down, and the real estate market collapses, It's pure speculation.  

:@Paul Ostler:I found a great post about this not to long ago something  I been looking into as well. 123-real-estate-investing-Subject To The first part of that is fine, then it gets into pure garbage, never use a power of attorney, never!