Baltimore Remington / Hampden Rental Assessment
I am looking at a single family row home in Baltimore (21211) and just used the Rental Property Calculator.
Can anyone give me some feedback to see if I am missing anything?
A few specific notes/comments:
- We have $50k cash, so we're considering doing a hard money loan to minimize out of pocket costs so we can maybe buy 2-3 properties to rehab, refi, hold....is this unrealistic with $50k cash and credit cards for rehab costs?
- We have one person interested in living in the property to help manage day-to-day while renting other 2 rooms -- their rent will likely be discounted
- We would do a light rehab ourselves