Hoping to get my first investment deal myself in the near future! 

Qualifying them over the phone and on paper is not nearly as good as meeting them, shaking their hand, looking them in the eye and interviewing them in person.

Purchase price: $180,000 After returning from a multi year tour over seas I bought a desirable place to live, a townhome near downtown.

Few years and lots of sweat equity later it's worth nearly double what I paid.

Few years and lots of sweat equity later it's worth nearly double what I paid.

I took this rate because it was most accessible (not so realistic i know)  Besides if it would take a more realistic rate (couldn't find one so quickly) the 0.5% would only be lower so this is even best case scenario on the mortgage and it's still no 1% or near it.Property tax is 0,0838% of the marketprice here.

@Chris Svendsen I’m near Philly so I’m looking to invest there or in New Jersey somewhere.

Granted the second option is more risky, but risk does come with reward.Use this to your advantage if you are in need of funding (I'm not sure if you do or not) and show potential investors that you can reduce risk in favor of being able to get all their investment back (using refi) and then have constant cashflow for a long time.Hope this helps,Andrew 

What’s the board’s thoughts on buying for rentals in this area, specifically near Eagle and Palm?

Indy is likely a much better market than anywhere near Annapolis for investing in the price range you are talking about.