Math Says Yes. But I Don't Know What I'm Doing
Doing the math for my first rental, but I'm just too ignorant on real estate to know if its worth it or not.
https://www.biggerpockets.com/...
Military base nearby and located on a community lake where vast majority off base workers like to live. But the rest of the town is fairly depressed economically.
Might use VA loan to get the 0% down. For the analysis, most of the expenses were a little more than I expect and rent is in the mid range I would like to get assuming three of the four rooms are occupied at $650. And I don't know how much closing costs are so I guessed 5k.
Any possible red flags I should worry about?