What else am I missing?

Not sure if I missed anything.

I don't recommend learning how to renovate horrible properties while living in it and hoping the tenant never misses a rent payment in the middle of the worst economic and unemployment crisis.That's the beauty of real estate and becoming an Ideal Wealth Grower.

I know there are many details missing, but to start does the cash out on the rental sound reasonable? 

Although it's hard to get a good house in the preferred neighborhood like Wayland and I may miss them at this time if there is a good one there, it's hard and almost impossible that we can buy a property in a short term while we just can see it online.

Maybe I missed it somewhere, but what type of property is it?   

What am I missing?

Thanks for any assistance, and if these questions have been answered elsewhere and I missed it, please just point me in that direction.

No missed rent payments through all of this but it got me to thinking.

I just don't want to miss the boat on future (potentially better) opportunities because I jumped in too early.