Obviously this is just an average estimate, because expenses may vary month to month and it grosses 48k a month (35k NOI).But yeah, it still didn't seem like enough for me.

@Quinton C.Utilities costs can vary a ton based on many factors.

@Nathan W. the disclosure requirements vary by state.

I’ll probably be into this for about 15-25 k (varies with how nice the place is at completion.

You'll have to define good schools, because I've found that people have widely varying opinions on what qualifies as good.

A good number will vary based on the current market and the size of your metro area.What is your maximum LTV and Initial Funding?

Last year when I found BP I posted my story and part of it was that I am enrolled in an Occupational Therapy Assistant Program (started last fall 2019) and I had feedback to get through school & wait to invest.

The average house price varies a lot depending on which city in the Phoenix area you end up focusing on but they would be B-, C properties.

Also, cap rates vary grossly by many factors.

People claim all sorts of things and even when they are accurate people have varying levels of equity and property value,  someone could go buy a ton of $10k properties but that doesn't mean they're a good investor.