Thanks for sharing.

People have been quite harsh on this post, I hope this doesn't make LZ too upset.

On surface, this deal fits the 1% rule (monthly rent = 1% of purchase price). However, there is a pretty big HOA fee at $200/mon. Therefore, the effective rent is only $800. This makes it a bit on the low.

The HELOC rate is 4%, which is fairly good.

With 100K purchase, I guess the area is working class, but not the worst, so the repair calls should be limited. Hopefully the management part is not too much work.