Posted by Kep Lee on July 14, 2002 at 15:04:56:
$114K sounds pretty expensive for a 2 bd rental.
Of course this being said without me having any kowledge of the market rent for your area,
but a good rule of thumb would be to keep your mortgage payments much lower than market rent.
Dont overlook escrowing enough money on a monthly basis to allow for taxes, insurance, maintanance, vacancy, and BAD TENANTS. After all is said and done, will you have enough $ left over to make it all worth it!?