The risk/reward ratio does not seem worth it, there are other less risky places to park your money with better returns at the moment.Also, as someone pointed out, you didn’t account for property management.

Money needs to be set aside for that maintenance.

Maybe money is a factor...LOL, isn't it always!?

Renting rooms usually helps you have a higher occupancy but if all rooms aren't rented you net less money.

Just by looking at these numbers & the fact that you have a ton of money you owe to pay down a HELOC.

It may be a little late in your case, but since the economy is tightening, others reading this might benefit by not have their money missing when they really need it.

Maybe I can make more money doing that then REI :)

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best

If I was in financial distress and losing my home through foreclosure or tax delinquency, I would not want to deal with an enthusiastic newcomer trying to make money on my misfortune.

Another option that I've seen in the local market is purchasing a heavily distressed or big rehab project with a local hard money lender that will allow a smaller downpayment due to the amount of equity in the deal on the back end.