Nope not El Cortez. Math makes sense (and means it won’t flow) when you consider paying interest on full purchase price rather than 80%, plus taxes, HOA, insurance, maintenance.
Example. I have seen places listed in the $200k to $225k range that rent for around $1300-$1500/mo. $200k is 150x $1300 (roughly) and $225k is 150x $1500. That’s a great value for resale someday, but monthly expenses on a $200k place at say 6.5% are upwards of $1700 or $1800 if you’re honest with yourself about every likely expense.
Hence my question whether the negative $200 or so per month is worth it if you can buy at 150x rent.
