Here's an example of what I'm talking about:Purchase price: $10,000Rehab (everything new): $40,000Total "all in": $50,000 (fully financed, 15 year note, 5%)Rent: $650/month.If I apply my normal formulas to it....10% maintenance (-$65)10% management (-$65)Taxes and Insurance (-$70)5% CapEx (-$35)NOI: $415Less debt service (-$395)Profit: $20/month.We haven't factored in vacancy.These are real numbers I'm getting from some investors in my market.

You probably aren't going to find any markets in Maryland with a lower price-of-entry then Baltimore, so if "low budget appeal" is your driving factor then focus on Baltimore and maybe Dundalk.  

I can factor a fixed cost into the lease or I can pay it outright but I can't split it each month. 

So I'm currently driving a 2005 Durango with no AC and I'm wanting to get my dream truck also to have a nice weekend truck, but at the same I feel like I do not deserve to buy something.

After you factor in taxes, property management (if needed), repairs, vacancies, utilities, whatever is leftover is yours to keep.

By driving for dollars I have collected a list of properties I am going to mail, as well as developed the letters I will be sending.

Drive around Bonney road and the side streets that lead to vb Blvd.

The zoning may be industrial but land use and other factors will determine whether you can build an additional dwelling, whether that is a house, garage apartment, w/e.

I drive an anonymous un-branded vehicle for the first time in over a decade. 

I'll have to factor the insurance component in my cash flow calculations a bit more, and it definitely narrows down price point for me.Thanks again and I'll update ya'll on my progress!