If your numbers are right, go for it. But I’d do a test run on renting it out first. Perhaps ads in Craigslist for the amount and area…see how much interest it generates. And also take an honest look around at the local employment sensativity to more lay-offs.
I follow several very popular RE investor groups. All of them are doing exactly what you’re contemplating here. All over the country. NorCal, SoCal, Phoenix, Florida….
The only caveat is being a landlord and keeping a house rented out. A few empty months or FB tenants can ruin your ROI calculations as well as make your life not fun.
