One day, I would love to be able to get properties at 75% of market value, but I figure I’ll work my way up to that.Your explanation of the numbers was so amazing!  

You should definitely check out Avery Carl's BiggerPockets book "Short-Term Rental, Long-Term Wealth" https://store.biggerpockets.com/products/short-term-rental-l...There is a lot of amazing insight into everything to think of while operating an STR.

Real Estate is get rich slowly, $150k to invest is an amazing place to be and a great achievement, but it's also not going to produce a life changing amount of cash flow every year.

After reading so much in these forums and watching videos of people who have dived into real estate, it's pretty amazing what can be accomplished in 5 years! 

I was amazed how much forced advertising was dished out to me as I was logging in for the first time in a long while.

While there are amazing and awful people at every level of income, generally the lower the income, the more likely you are to have a rougher tenant. 

This site has been amazing so far.  

@Gregory Schwartz thank you, it's amazing the people I talk to who say they don't want to move.

You can check all the amazing resources here in BP.

The potential issue is that he may have gotten his interest rate when rates were lower and you may get the deal at a higher interest rate which can potentially have the deal at break even or at a loss.The quality of the deal will depend on what your net income is and what you are putting into the deal.If in the above example and you have the same net income, the deal sounds amazing if you are putting in $200,000 because you have a 10%+ rate of return.But if you are putting in $2,000,000 the deal is horrible because you are making 1%