Income potential, location and price of property How did you find this deal and how did you negotiate it?

. - Verified income must be a minimum of 3X the rent. - Current employer reference must be provided and we must speak with the employer.

My plan is to make interest payments with savings/income possibly HELOC. 

We also see that the SECT 8 typically pay higher than our market rents in many cases in the lower income areas of town. 

Is it going to be a sign gig while investing or your main source of income?

Consider factors such as site preparation, ongoing maintenance, marketing expenses, and potential income from bookings.

Original Purchase Price$305,000Down Payment$28,793Closing Costs$11,527Rehab Costs$80,500Mortgage Costs$30,056Utilities$1,275Taxes$2,729Insurance$1,251STR Furnishing$10,142Total Costs$125,953LTR Income$7,000Net STR Income$21,234Total Income$28,234Total Capital Invested$109,246Appraised Value$540,000Loan LTV%70%Loan Amount$378,000Mortgage Balance$325,148Closing Costs$9,805Cash out$43,047Net Capital Invested$66,199Starting Equity$133,207Value Created: $67,008Hours Worked: 595Hourly Wage: $113I was only able to refi at 70% LTV, so I left $66k in the deal.

Some easily verified facts:- San Diego appreciation has been great - San Diego rent growth has been great- prop 13 protects against exorbitant property tax increases- San Diego has one of the lowest eviction rates in the country- San Diego has one of the lowest delinquent rent rates in the country- San Diego has a very low vacancy rate- historically for long holds, San Diego has produced near top in nation return.  

So I would essentially be living rent free.Rental properties are just one of the income streams I have in mind.

It could bring in more income, but you may deal with more headaches due to your tenants not getting along.Hope the info helps!