They think it should be from $29,880 to $31,800 in rents.I am approved for a loan from a small local bank on the $160,000 with 20% down (I have in cash) for 6.2% adjustable in 5 years and a 20 year term.I feel good about moving forward at $140,000, a little nervous about $160,000.I am ready to call my agent and make an offer but I just need some conformation that I am not crazy and some butt kicking to move forward with it.

Turn Key / Move in READY!!!

I could have partnered or raised the capital, but wasn't ready to go down that path just yet.The apartment complex is located in Bryan / College Station.It's difficult to give you a solid answer on the numbers. 

Is this property ready to go or is there any work you plan on doing to it?

If I can make better sense of it in my backyard by the time I am ready to sell a couple apts in 19, I'm willing to give it a try.  

It’s definitely dated, but move in ready…and I already have two people interested and both willing to pay $550/month AS IS (...

They are amenable to this.Without getting into specifics the property cash-flows when rented (assuming a 200k + closing costs mortgage at investment loan rates) and requires minimal upfront cost to get ready to rent.

I make this question because I’m ready for buy mi first property and I’m on that point.

Always ready for what the future holds, maybe some days my portfolio will have something down in Florida 🙏

If it's something that might interest you, then maybe give it a listen.I had considered looking into Albany when I'm ready to buy again since it seems to be more affordable than where I live.