$82k gross on a $700k purchase is not ideal at current rates.Margins are slim, and I worry that you are underestimating costs and potentially overestimating revenue (I would not take Rabbu projections at face value).Margins are slim, down payment amount is high.

Thank you for the kind words of encouragement and some solid advice I'm starting to see in my area it's slim pickings for the budget that doesn't always line up but there is new houses coming on the market with each passing day and I'm optimistic about it I will definitely try to plug in numbers for the break even mark I think is a good strategy to get started with building equity and reevaluate at that 2 year mark

The chance it cashflows is slim.

A little slim, but a few were over 1.5 even at 75/80% cash outs. 

When margins are this slim, you need emergency cash reserves.

Slim pickings. 

It’s a slim item for other exits and may be ideal for a house hack.

The one caveat is, with margins so slim in this market and NH is blowing up, you need to underwrite your refi numbers very conservatively and for 80% debt figures on the new appraisal value, esp if you're not living in the building.

Red Flags in Plain English• Low school ratings (2–5 out of 10)• Older home (potential repairs: roof, plumbing, foundation)• Car dependent, not walkable• Cash flow margin is very slim   6.

STR with slim margins and tight rules is not a passive investment.