Hi Everyone,

I am an aspiring REI. Like everyone else I have read about 15 books on REI and I cruise numerous real estate website everyday -trying to learn and looking at different markets.

I have come across a 3BR, 2 1/2 BA property in MD for approx 160K.
The property is currently rented/leased through 2008 for $1200 a month. According to the current owner the tenant would like to stay (not sure for how many more years or if they're amenable to a rent increase...). Based on just the numbers is this a good deal for a first time investor (trying to get my feet wet here and tenant already in place is very enticing....)? You guys do this for a living, I want to... What are your thoughts?


Thanks