You need to compare your cost of living, and overall personal cashflow each money with your current situation vs. this potential new acquisition.

I'm not in Texas but insurance costs are rising everywhere.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

. $16k entry cost plus closing costs.I have 20k saved in cash$83,000 pp 2bed 1bath 950sqft.

Are you financially in a position to handle the cost to see this project through?

Not sure what state you are in but disability cases can come back and bite you and cost you a lot more than a shed or bike rack.

You don't have a lot of equity in it after you factor in closing costs and realtor's fees. 

I live in NJ, and it has a very high cost of living and with the current rate of interest, makes it a very pricey market so to say, and not that investment real estate friendly.

Hey Anne, I'd suggest you do some research on the MTR rental rates and vacancy rates in your target area and understand the costs involved in renovations, financing and property management.

We can cover that monthly but would be happy with a 50% occupancy to help offset those costs.