If you are a heavy walker, close doors hard, listen to loud TV/music, or like to do burpees early in the morning, the tenant below will complain.

The attorney from the title insurance company will be reaching out to me this morning.

It's great to hear that I'm thinking about this the same way.I was talking with my PM this morning and he even mentioned that they will often require a 1.5-2 month security deposit on the lower priced rentals (based on tenant credit and financial background).

Seems like you haven't factored in maintenance, cap ex, lawn care, property management, or vacancy. 50% Rule says $1,800 in expenses additional to your mortgage payment.

@Vin Ochoa - I think the market is not the most relevant factor. 

Have you factored in the cost of your rehab? 

Good Morning Investors,I am starting to be an investor and I had a few questions.

Investing is numbers game and calculations, in my opinion, are the main factor when I decide on a purchase price.I only have single families but hope my advice helps.

I personally couldn't give you advice on whether those numbers appeal to me because I'd have to know alot more but if its that much cash for that little equity you have to factor in the bank will likely require they sign so you are asking for cash and recourse.

Good morning BiggerPockets Family!