My second mortgage would be $183,000 (did not factor in downpayment)So, the numbers look like this:"Subject To" mortgage (PITI): $2,750.00/monthSecond mortgage: $1,017.00/monthGrand total: $3,767.00/monthRents in the area: $1,300 for the 3 bedrooms and $1,200 for the 2 bedrooms.These numbers are actually on the low end and I’m confident I can get $50.00 more for each unit.

I'm completing a 3-5 year financial projection and wanted to know what factors could (or should) equate to Bigger Pockets.

No one seems to be discussing (arguably) the biggest factor/variable with the real estate market.....how many Californians move to Vegas?

With Prop 13, the average CA prop tax is 0.8% but that is factoring in all the long time owners who are paying an artificially lower percent. 

Safety, parking, walkability, and proximity to campus are important factors that come to mind.

So some might place tiny capital with them to test them out to see how they might do and have to be okay with losing some or all of the investment if it doesn't work out.Just like a hard money lender lends to varying investors on flips.

To be honest, this may be a tiny bit above what I thought the house was worth, but if overpaying by a couple thousand dollars to acquire a new rental was what it took, then I was fine with it, as he was going to be financing the deal for me.

I actually am saving the tiny amounts of money i I have now, to get books focusing on being a landlord and managing rental property’s.

The back room currently does not have a closet and the front room has a tiny closet.

Lots of factors to consider :)Good luck!