With all of the restrictions in place, heading into fall and the likelihood of more restrictions around the corner, you could really put yourself into  a box. 

Just a heads up!

I was definitely more in my head about doing an off market deal than I should have been.

I have $30,000 saved up besides what I have in my other assets to get my head in the game of RE investing, should I even have to put that money down at all?

I am new to this but jumping in head first and looking to make offers in the next couple weeks.

@Zachary Jensen if you dont raise rents a few percentage points, you will find yourself substantially under market over time.It’s not a greed thing, but you’re likely going to sacrifice the capex savings rate with the increases your not realizing, and then replace a roof or do foundation work years from now at higher costs-dipping in to your pocket for the repair.That’s not a horrible thing for a house hack, since it’s your living space too, but over a handful of properties over a decade or two, you’re turning a positive return into a neutral or negative return, which is not how successful businesses are ran.

There were times when maintenance was needed (new shower head, sliding closet doors, fresh paint from bags hitting walls, etc.), but we had a handy man who took care of all that for us.

Detroit is slowly falling off the map and has been for decades...this isn't changing, Phoenix is next level...high growth and rapid appreciation...i.e. unaffordable...and Plano is not really an option unless you are looking at serving affluent tenants...I think Columbus is head and shoulders above any of these markets...it's arguably the premier investment destination in the US right now.

@Michael K Gallagher Thank you for your response, I am not currently looking at any houses yet, just thought I’d ask a question that popped up in my head.

The interest rate you speak of a compounded cost and the CoCR is a simple interest applied to one year.Once again, percentages rear their ugly head and lie to us.