Hello, I'm brand new to real estate investing but have always had a desire to be apart of this magnificent culture.

@Rick Roach it’s the norm not to move out until marriage in my culture; they’d be weirded out charging their son rent.

I ran an ozone machine for 12 hours in a two-bedroom apartment.

I ran through some numbers and none of them make sense because the HOA fee/maintenance fee run up to 1K-2K...

Owners needed to leave due to health reasons, after getting offers way lower than market - I ran numbers and decided to jump on it and give them what they needed.

I ran into debt-to-income ratio issues.

I would love to get any feedback on my thought process.RENTING: If I rented a $2400 apartment, then I would spend $31,200 (including the one month fee, which is absurd) in one year.BUYING:Then I ran the numbers of the cost of "ownership" assuming the following375k purchase price condo/SFR, 5k in improvement, FHA financing, 5% down, 30 year (including 1.75% upfront MIP and 0.8% annual MIP), interest rate of 3.625 (pre-qualified by TD Bank). 0% appreciation, 1.5% property taxes, homeowners insurance of $35/month/$100K home value, 200/month in HOA fees and $3,000 in annual maintenance. 

I ran it through the calculator and I will have to pay about $550/mo extra to cover the mortgage and all expenses, not living there would cashflow $700.

Just this week I ran into a very cool duplex unit with plenty of room to create equity and even a third unit - along with a cute mini-farm if you are into that.

I ran the numbers a while back