The owner next to us has decided to sell and long story short she is willing to sell it to us. Will give us right of first refusal.

The problem is, the most we could get for rent is about $2,500 a month. Property values have gone from around $350,000 in 2021 to I've seen sales for $485,000 and even a couple listings now at $500,000. So crazy. Anyway, payments are going to be probably between 2,900 and almost 3,200 a month.

So it seems crazy to buy it to lose 600 bucks a month. But I've been reading online and some people say it still is worth it. Like some of the posters in this thread: https://www.quora.com/Can-an-investment-property-that-doesnt-generate-enough-rent-to-cover-the-mortgage-still-be-worth-it

What do you guys think? Oh and the town home we own next to the one being sold, we do own outright. No mortgage.

If we did buy it, I would just want to hold on to it until we die.