Based on that math yes, you'd clear a couple hundred dollars after all debts and expenses, not the worst spot to be if you're not necessarily needing the cashflow/trying to live off of it, but instead are focusing on playing the long game. 

Likewise, Garn St Germain Act also comes into play here (that's a federal law).So, if you want to go down the rabbit hole some:1.

@Antonio ResendizI analyze based on the return that we are getting with our investors' money. - Annualized ROIFor Rentals that we hold in our portfolio, that were perhaps once BRRRRs, I analyze based on ROE - Return on EquityI used this equation to back into my maximum allowable offer (MAO): ARV - Rehab Costs - Holding Costs - Purchase & Sale Costs - Desired Profit as a percentage of ARV = MAO

@Joshua Logan I'm out of the Mankato area, we invest in Section8 apartment buildings (Project Based HUD properties).

Establish the value based on your own market analysis.Your property is a rental once it is placed in service - typically the date it is advertised as available.Check your home owners insurance policy and make sure it covers rental operations - I expect it does not.

Consider consulting with a real estate professional or financial advisor to help make an informed decision based on your individual circumstances and goals. 

Other than a post or two on social media I haven't done anything else for lead generation and to build a client base.

(First Time Home Buyer / House Hacking)Hello BP Community, I’m based the Bay Area, Ca & have fix n flip experience in this market.

I'm Texas-based as well, in Austin. 

Make your offers based only on what works for you, not what it takes to get the property.