Rents would have to be closer to $3k to make sense unless you are playing the appreciation game. 

This deal doesn't work unless you're looking at a huge appreciation play.

This is your ability to find the correct Micro-Markets to invest in based on how the numbers with $$$ in front "play nice" in that market using (not spending) your money (see below), and deliver the Goals from the Plan (see below...again). 

To play it safe, everything was capitalized during the rehab period.

There are pockets where the 1% rule can still be had, but broadening you area is definitely a better play.

@James Wise I play to just work for a real estate company first, I ideally want to invest but I plan to "test the waters first" and see if I like it.

@Isaac Bazek-Buy, Rehab, Rent, Refinance, Repeat by David Greene (RE)-Real Estate Investing Gone Bad by Phil Pustejovsky (RE)-Investing in Real Estate by Gary Eldred (RE)-Quit Like a Millionaire by Kristy Shen (FI)-Playing with FIRE by Scott Rieckens (FI)-I Will Teach You to be Rich by Ramit Sethi (FI)-The One Thing by Gary Keller (Inspiration)-Am I Being Too Subtle by Sam Zell (Bio)-Shoe Dog by Phil Knight (Bio)-The Big Short by Michael Lewis (Business)-Liar's Poker by Michael Lewis (Business)

What you will come to realize, as you learn how to put things together...specifically:  Market Analysis, How Money Works (the Math part) and a REI Plan, you'll see that REI is very much like writing, reading, and playing music. 

There is quite a bit of equity in this short sale home which I dread losing especially due to some of the guidance I received from the parties in play (lender/s and realtor). 

There is also an empty lot right next to the complex where I was thinking I could put a park for the kids in the area to play.. seeing as how there is an offender of children residing in the complex, that’s out of the window.