[Calc Review] Help me analyze this deal, ST. PETERSBURG, FLORIDA
*This link comes directly from our calculators, based on information input by the member who posted.
I am brand new to real estate investing and a long time reader and listening to BiggerPockets. I really would like some help with figuring out if the numbers I input into the rental calculator actually make sense. I've been scouring for deals all over the place and every time that I run it through some numbers it just doesn't seem to make sense. All forms of critiquing and questions are definitely encouraged as I'm trying to learn as much as possible through this. I am looking for a home that is mostly cosmetic work and nothing structurally as it's my first investment property that I plan on living in for at least a year before I try to rent it out.
The goal is to purchase a cosmetic fixer-upper using an FHA 203k loan, after living in it for a year, look to rent it out and continue onto the next project and learn as I go.
Please and thank you!!!