Essentially this would also put the $145k (more or less) in my pocket to re-invest and make money on elsewhere, while the rent would/should cover the monthly mortgage payment, property taxes and other (minor) maintenance.  

I know that might be a large area to cover but looking for a general idea of what phase the market is in.

Ideas for Cinder Block WallsHas anyone done anything creative to cover cinder block walls on the interior?

You could likely cover your monthly costs once you get a renter in there.

Student Rental (4BR/1Ba) - $90,000 List PriceOffer: $80,000 purchase price, 3% seller paid closing costs, 20% conventional financingCash Outlay: $20,000 ($16,000 down payment, $4,000 rehab)Rent: $1,240/mth Mortgage Payment (P&I): $344/mth ($64,000 @ 5% interest, 30 year am)Taxes: $133/mthInsurance: $150/mth Vacancy: $112/mth (9% - playing this conservatively)Maintenance: $75/mthCapEx: $125/mthManagement: $149/mth (~12% rents collected, conservatively assuming full occupancy)Utilities: N/A (covered by tenants)I like this deal for a couple of reasons.

Likely as they do not cover the stuff inside.  

I Kno it's possible because I figured it out, I had to be more vague because the first time I posted this, it was taken down for "promoting". 

If we can have two more years like this year 1 then that should cover the roof and a new furnace & a/c to replace the oldest boiler.

Surety bonding protects you from all non-performances and locks in your price, so bonded contractors will make sure that their behind is covered on all worst case scenarios.

Account Closed, I have represented buyers in real estate transactions where they agreed to cover the title fees and closing cost.