Check the numbers

Fictional practice: Use rent you can back up, and count all the costs.

• For this case, assume three similar signed leases back up rent of $2,500 a month, not the $2,650 in the ad.
• Savings for empty months and unpaid rent: $125. Running costs: $775. Savings for big replacements: $125 a month (the replacement reserve).
• Quote A’s loan payment (principal and interest): $1,496.93 a month.

Check this home’s taxes after you buy, insurance for a rental, lease proof, fees and costs. If you don’t know a cost, don’t treat it as zero.