Also, make sure to factor in the implications of future inflation on your assets. 

@Cole Bennett appreciate the insight and the link to the calculator

I am not sure 5% is the right number given that inflation is generally 2-3%.

My analogy roots from the stock market and goes like this; Some of the wealthiest investors don't pay attention to what the market is doing they do something called dollar-cost averaging where no matter what they buy a certain amount of stock, bond, ETF. 

Buy 3  150k properties with 50k down or 1 for 150k. 3% inflation the 150k property goes up $4500 per year while the leveraged properties go up $13500 per year.

As long as it appreciates at the rate of inflation, I should be fine.

Plus, we get to take advantage of the ridiculously hot market with our sale without having to turn around and buy at an inflated price.The rehab is going to be a challenge, but I am wholeheartedly looking forward to it. 

View report*This link comes directly from our calculators, based on information input by the member who posted.

Most of the them are webinar ZOOM based.https://www.meetup.com/topics/...The link above will help you to those groups that interest you..Good luck...

If you're in the area or surrounding and want to build or just have any advice for a new investor in your market let's link up.