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Depends, a lot on the area. You have to make sure you are buying in an area that the values are not just going to drop out on you, If possible put down %20 and you will have lower payments each month. There are so many variables that it's hard to really tell you what to do. For instance, you think you will make $500 a month but with things life the roof, water heater, heating systems. There are a lot of things that will eat into that profit. Just make sure you do all the homework you can on the place you want to buy.
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