You see that I have allocated enough to cover the expenses including maintenance and upkeep, and insurance to make sure the asset is protected (can’t insure a stock, can you?)

Ten percent of the rent is $275, so now your rent has to be $3025. just to break even, and at that rate, you will have to pay some out of pocket, because that just barely covers your expenses.That gives you a really broad idea.

The 30% equity spread that Jim was outlining will cover all your expenses and profit margin NOT including repairs.

Since this a rehab project will assume that the area comps you mentioned are relecting the ARV.Since this is an ARV loan, we need to know if the $85k covers the purchase or both purchase + fix up.

If you cover yourself, choose a qualified tenant, and be fair all around, everything should work out ok.

That way you don't run into the situation of a tenant contacting you one month before the lease expires and saying, "we're moving the end of the month, you already have that deposit, so just keep that to cover the last month's rent".Good luck.all cash

Within a couple of months I now own a property that the bank appraised for 90k over the price I bought it for.After taxes, insurance, and misc costs, I'm still making enough in rent to cover the mortgage with a couple of hundred left over.

The answer to your question is yes you have to buy enough to create enough positive cash flow to cover all of your expenses.

You could also just as "easily" cut the rent down to cover just the expenses.

I also cover southern NH.