If you get the house at 168k, you can rent out for $1,500/m or $18k/yr. If we say that the property tax is 2% of the property value, it will be $3,300. Annual maintenance about 10% of the rent will be $1,800. Your annual return of this rental is about 7.5%. Not bad. Good luck.
It is an OK deal, but don't lose your sleep over it.
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Thank you, you are so sweet!
-summerp-
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04/01/2017 postreply
12:02:35