(I know I will have costs and pay taxes, etc.. but looking at these calculations, doesn't sound too bad or not so hot either?)

One's credit might be bad and the lender may not want them on a loan.

Having bad tenants makes the whole buy-n-hold thing seem not worth it.

Lou it might be because prices have gone so high there it makes the affordability index bad unless you have a very high income.

You are at about a 1.5% which is not bad but not great either.

In one scenario, the taxes on a property were high, but the investor bought, fixed up the property in a month, and sold in within a couple months after, so the damage wasn't too bad.

@Hugh Le I saw this last year and thought it was priced high, now it doesn't seem too bad with the current Seller's market.What do your Comps say?

My bad.

Please don't take it the wrong way, it's really constructive criticism: it sounds like you really do not know enough about this type of deal to take a stab at it, regardless of if it's a good deal or not.There's a good and bad way to invest: top down and bottom up.

But still, not a bad idea.