I found a property that might look promising after all calculations. Any input would be greatly appreciated.
Purchase price $364,000
$100,000 renovation on the low end
$1,872 total expenses
Rental income $2,400 /month
Similar homes are selling for 580k. This would be my first investment but I am having analysis paralysis syndrome.
My plan is to get a loan from a hard cash lender, and BRRR process.
Thanks for the help in advance.