Now I went through this math to emphasize that most SEASONED INVESTORS in TEXAS don't consider a negative 4.8% cash on cash return a good investment.  

Mortgage boot will give you some added capital.If this comes from a rental portfolio, the math for returns means rents - (PITI, property management, capital replacement, loss-to-lease, incentives) = $10,000. 

Some people have criticized the .25% increase in interest rate HOWEVER, it's literally only 5 years and if you do the math you would have paid way more than that in loan interest if you choose to pay it off on your own terms.

Most of the time when you leave (if you do your math correctly) and not when you're living there.

I did some very rough math.

Do all the above on a daily basis, then engage with someone to have a focused conversation to give the impression that you've done your homework, you know what you want and you value their time most importantly. 

So instead, maybe save money for the next year or two, and "buy" it from them with a bigger down payment to really drop that mortgage payment, getting it within the range of that 2% and 50% rules (I know those arent absolutely necessary but after doing the math, it looks like I'm well outside where I should be on thoseReasons I want this house is that I grew up in.

.$45,000 initial cost  IncomeRent        $1565 per monthExpenses (per month)HOA         $24Insurance $66Taxes       $143.30  Mortgage  $670Management (9%): $140.85Might self manage for start but later onVacancy + CapEx:   $150.00The house requires no repairs initially and things like the roof, a/c, etc are newTotal Monthly Expenses comes to $1194.15$1565 - 1194.15 = $370.85 cash flow per month$4,450.20/$45,000 = 9.89% CoCI'm not the best at math, but please share your input.

This came up because the buyer had a good attorney who did their homework at the city and found out there was an open permit.

Also, do your home work and triple check.