Regardless, it still seems like it'll give you negative cash flow.Consider if there is any chance you can rehab for a higher rent (compare to the local rent rate) then redo the calculation.

I sold real estate on the West Coast for several years and honestly we disclose everything here.The contracts in California, Arizona and Nevada are laughable compared to how much disclosure we have in Texas. 

@Samuel Bofferding I started at 71% and the tenant of course pays that down even more, so there will be equity to pull out.I can’t compare my returns or strategy to someone doing this full time or doing everything themselves because that’s not what this is and that’s not what I’m trying to make it.

How does the T3, compare to the same months last year? 

Rents have never gone down in New Jersey and I believe this is a more important factor than the short-term movement of your property's value.

(Forbes)Lower business & lifestyle costs than others.Amazingly affordable real estate for investment.Single-family, duplexes, fourplexes.3-year appreciation forecast of 9.1%.Around 45% of the residents are renters.The growing fuels the rental demand.San Antonio is also known for its low cost of living.Closed sales increased by 14 percent year-over-year.Compared to June 2019, San Antonio's average price of a home increased by 3%.Year-to-date, the average price has shown an increase of 5% to $278,395.In a year-to-date, year-over-year comparison, Bexar County faired well compared to Travis (-10.7%) Harris (-4.9%) and Dallas County (-6.8%.)Each of these counties indicates a decrease while Bexar county shows a promising a 3.4% increase.As predicted, June has shown to be a strong buying season.

if so, calculate how much it cash flows, add to that the new property cash flow, how does it look compared to if you sell?

My focus on real estate is value add and equity more so compared to cash flow since I am still working. 

Iowa City is expensive when compared to Cedar Rapids which is 30 minutes North.  

Steven Torres - So is this market more demanding for direct sales compared to rental?