Just want to make sure the market rents support the new purchase PITI payment.

I know this is a new member intro. but I need advise on a home purchase.

You'd need atleast 30% down on the purchase and 100% of the construction would be covered 

I replied in the other thread as well but you need to check what type of provisions you have on your policy to make sure you have the coverage you think you have.Was there any discussion of the condition of the roof when you purchased the home/insurance in October?

Scenario 1: I purchase a three-bed, single-story, single-family dwelling for $200,000 to $300,000, have it financed so the mortgage would be around $1,700 to $2,400 (making up numbers here), and rent it around $2,800 to $3,000 per month.

Why do you think purchase contracts are so long and have such small print?

I purchased a home on my own 2 1/2 years ago on a 30 year FHA %3.375 rate.

Purchased both of these properties about 2/3 months ago.

I spent 2022/2023 purchasing single family homes in my preferred investment corridor within 43612/43613 zipcodes. $80k will net you $1200/mo.That said I am of the opinion that rent rates (up significantly since Covid) are plateauing, I don't expect to see them climb significantly higher.Regardless, factor my position of being a cash-in-hand personality who doesn't much care if the hype is telling us to buy-buy-buy or run for the hills.

Purchase price: $100,000 Cash invested: $100,000 Bought this house and got 2 more free What made you interested in investing in this type of deal?