You can look at area comparable rents.

Higher rates & insurance = higher rent. 

Purchase price: $177,000 Cash invested: $50,000 - Single-family home in a Residential area near the University of Rochester- Purchased flipped home without inspection, many costly hidden issues revealed after closing - Currently rented for $2,200.

I'm in Dallas area if you need some eyes in the location if you buy any properties round this area. 

We totally get the premise behind the Brrr method but at the same time, if you can utilize the same cash principle to buy a bigger, better rental house that will appreciate well over time due to location, wouldn't it also make sense to consider using the cash house equity for this bigger location house to be refinanced later at a lower rate and take the equity out of the better location house then and use the equity later?  

Hi Jeff,As Dick said, Springfield is a challenging location from a tenant perspective.

Make sure that criteria is legal in the location.

how much you will spend in Dallas to wait for it (rent)?

Also, it is a new build, so maintenance is going to be minimal Rent Numbers:I can rent the house out for 2800/month conservatively (maybe 3k)Loan Details: mortgage remaining: 310,000FHA matures 10/1/2050rate:2.75%asking price:590,000

Rents stagnated or dropped in most areas, and this is on top of all the rising costs, especially insurance and interest rates.