This had 2 different interest rates, though so you'd want to look into what you would be paying on a monthly basis with that blended rate vs actually just paying the PMI. 

I had looked it up a while back and a lady was paying property taxes on it in the local area.

Remember you're also paying 10% interest, taxes, insurance on that time. 

@Scott Eadieunderstood - that's way above my pay grade since I don't know you or anything about your background or financial situation.i still recommend a house hack whether you have $10 or $10M.

.- Adjusted Purchase Price/ Max Bid: $210,840.80- I start with the 1% rule (thus why I start the analysis by looking at rent) and then adjust the price based on the potential pay-out from a cash-out refi and equity position on the property- more on this in a second. - Potential Investor payout (15%): $242,466 - Rehab total: $76,480.00- I just used $40/ sqft for an estimate.

As an investor, I like to know my costs and pay per square, per sq ft, linear ft, etc.

You still need to do inspections etc. and you are just paying an additional fee.

.- Principal debt paydown: tenant paying off your loan.- Cash flow.Once the above are all added up, your true Rate Return will by far exceed your returns with stocks.Now regarding the different type of real estate, that depends on a lot of factors and mostly on your financial goals and where are you in life today.

Thank you in advance.Also as far as what I put in the letter, I usually say that me and my partner are looking for properties that need work, and can pay cash and offer quick closing.

Seller has no money to pay utilities or buy groceries.