Do WE or DON'T WE DO THE DEAL

Here is what we know:

We are looking at purchasing a Townhome in Gvegas

Purchase price $$190,000$

Yearly taxes $$1,\frac{400}{y}r,$ but if it's in the city limits$,$ then add another $$\frac{800}{y}r$

Yearly Home Owners Insurance $$1,\frac{200}{?}$ yr

HOA $($Home Owners Association$)$ $$900/$yr

Projected repair costs $$\frac{900}{?}$ yr

Vacancy Rate $1$ months rent

Things to consider....

What if the AC unit goes out?

Vacancy Rates $($What is that?$)$

Vetting Renters $($What does that mean?$)$

Tax benefits $($Are there any?$)$

Depreciation $($How so$)$

Appreciation $($How does it work$)$

Predict the income stream and weigh the costs associated with owning a property.Will the income outrun the costs over time? What factor does appreciation play in our decision? What if the investment is not rented, can we afford it$?$ What happens when the renter calls with a repair request? Are we making money in the long run?Can we write any expenses off on our taxes? If they pay in cash, do I need to report this income? The questions are endless, and until you own real estate, it's hard to imagine all the things that Will come up$!$ But does it make sense?

Here is what we know:We are looking at purchasing a Townhome in GvegasPurchase price $$190,000$Yearly taxes $$1,400/$yr$,$ but if it's in the city limits$,$ then add another S$800/$yr Yearly Home Owners Insurance $ $1,200/$yrHOA $($Home Owners Association$)$ $$900/$yrProjected repair costs $5900/$yrVacancy Rate $1$ months rent