Overall, the state is quite overpriced, mostly due to the Texas hype.Based on your description, I would guess you are looking at a purchase price of $325K and rental of $2000 or so. 

I've seen that typically, 30 year fixed mortgages rates will be roughly the federal funds rate +2% (give or take factoring in other economic conditions). 

Purchase price: $575,000 Cash invested: $140,000 I live in the house that I bought it as a long-term investment.

After sitting on the sidelines trying to get into real estate investing for several years, I have the opportunity to purchase a 1 bed, 1.5 bath home in a desirable part of the California desert.The purchase price is $299,000 with a 7.3% interest rate and 3% down.

I normally purchase very cheap homes, remodel, refinance and rent.

Purchase was $134k and it has fully depreciated after 27.5 years.Second unit is a $350k listing with a $45k mortgage remaining.

Congratulations on your first purchase.

My specialty and focus is on buying sub to and you have to bring ALL your own docs, trusts, POAs, disclosures, how to add proper adendums to the purchase contract etc. 

Home is purchased in 2002 for $325,000 and used as a primary residence for the duration of ownership. 

I was exploring the possibility of purchasing a property out of state (in Texas : ) ) and was wondering: 1.