Renal investment question

@Abhishek Namani 

It's great that you're looking into rental investing, but based on the numbers you shared, this deal might be a bit tight. With a mortgage payment of $2,500 per month and rent at only $2,000, you'd be operating at a monthly loss before even factoring in maintenance or vacancies. The added HOA fees make the gap even larger.

One thing to consider is whether you’re comfortable covering that shortfall in the short term, banking on appreciation to make the investment worthwhile. If the market is growing rapidly, this could still be a viable move, but you’ll need to be financially prepared to supplement the property each month. Another option is looking at markets where rental income better covers expenses, as some areas offer a stronger rent-to-price ratio, making it easier to break even or generate income sooner.

You might also want to consider older, freshly renovated homes that are closer to the median home price. These properties tend to have stronger demand, and the rents are often more favorable. Unlike new construction, where building costs keep prices high, a fully updated existing home can often provide better value and return on investment.

It would be helpful to run a full analysis, factoring in property taxes, insurance, maintenance, and potential vacancies, to see if this deal truly aligns with your long-term goals. If you want help evaluating your options, let me know!