So you're looking at:~$1,500.00/month PITI with 20% down @ 7.6%.(3% of value for taxes)($2,400.00/year for insurance)~$427.00/month repair/capexAfter reno and down payment you'll be ~64,000 all-in (not including other soft costs).So you'll have ~3,500.00/month in gross rents and ~$1990.00/month between Principal, Interest, Taxes, Insurance, Repair and Capex.$1,510/month and making your money back in under 3.5 years isn't too bad.If it still appraises for 142/sqft after 6 months then you could cash out ~38k (75%) (~33k minus closing) and still make ~700.00/month accounting for the increased mortgage and possibly taxes. 

Don't confuse that success with material.How you want to invest, depending on age/family/risk tolerance;90% hard assets, 10% soft to 60% hard,40% soft.

I’ve searched on google “kitchen cabinet handles” and “soft closing 3/8” inset hinge” and gotten both for much less expensive than at the box stores.

Soft society.

It really comes down to the real human condition of certain communities and instead of brushing it off, walking away, to actually be involved in them. 

So just know all the soft spots as you go into it so you dont risk more than not taking action or losing a few grand.

I used to think every car needs 500 hp, and 14 secs quarter miles were for grandmas, now soft seats, 30 mpg highway and room for my black lab are more important.

@Zachary Beach hey Zach, how’s the insurance costs up in the brush area?

I have most of my soft costs figured out and have a piece of land I'm ready to go under contract on and have vetted.

Legislature could intervene and give us a soft landing (which would result in massive inflation, but that’s a different issue.)