Is my short-term plan good, bad, or crazy?

[Brian W.]

I am looking for my first deal on a single-family home to rent out and personally manage. I am planning on putting 30% down on a home around $100,000 - $110,000 with a 10-year mortgage that I can rent out for about $1100 per month. I am realistically estimating $5,000 in get-ready costs. My PITI should be around $900 - $1000 per month, thus leaving me with a positive gross cashflow of $100 per month.

I have a few questions regarding my plan:

1. Will I be able to get a home with this plan or will I be completely locked out by cash buyers and large consortiums?

2. How do my numbers look? Is this a doable deal if I can make it happen?

3. Any other thoughts are very welcomed.

Thank you!