Rental goals and possible set backs

[Jordon Mayo]

So I am currently in the Marine Corps and will be getting out in about a year from now. I will be looking to buy a home for 100k with 7k down. My concerns are, 1- not being able to produce the rental income I will need to in order to come out with $200 cash flow 2- the property sitting vacant more than 2 months. 3- I still need to learn more about upfront costs other than the down payment. And finally I am not sure what The course of action would be if a tenant destroyed a home due to being evicted. My goal is to have a 100k home with 7k down with a payment of no more than $550 mortgage and rent set at 1,500 this should cash flow nicely with taking into account, ($200) property tax ($120) insurance (?) 6% management 5% vacancy 10% repairs What expenses am i missing? I am aware that to get 100k home to rent for 1,500 is going to take some hunting but i think it is realistic. Any advice would be greatly appreciated. Thanks in advance!