So haven’t bought a house yet and have been interested in buying a house for a while for various reasons. Partly because I want to experiment with Airbnb and if that doesn’t work, then renting it out.

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It’ll be in a thriving part of Atlanta and price point is around 500-600k. Will probably only have 10% to put down. Salary is 130k a year. Tell me why this wouldn’t be a good idea.

If single family, $600k is going to make rental economics tough in ATL. Common rule of thumb is 1-2% monthly rent to purchase price. Very unlikely you will get anywhere close to that in ATL, unless it is 3+ units. However, run the bottoms up numbers and see if it works for you

So for single family that 1-2% of purchase price for monthly rent doesn’t seem plausible in almost any city. For multi-tenant, yes but how can you expect someone to pay 6k monthly on a 450k home? Or 3000 a month for a 200k home. I don’t see this happening in any city. Am I missing something here?

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