Another newbie qurestion from Michigan

[James Austin]

This is a general knowledge question, I found a place, yes it is available so no hard feelings ;) 

https://kalamazoo.craigslist.org/reb/5287426688.html .

Now I may catch flack for this but I am learning and really am looking for a more mentored view, or generally a personal view from everyone who wants to help the new guy :), I want to understand the analysis process, and because I don't have much in the line of funding, I wish stick with learning. Would something like this property be considered a decent investment for flip or rent, and yes I completely understand that there are numerous blog posts and forum discussions on this.... But I would like a more personalized approach. This property appears to be for sale by a broker and a good price, but while I was trying to go through the calculators I realized I am clueless on a lot of the aspects. Call me crazy but I want to get it right. Anyone with advice, I would appreciate it.

[Josh Cunningham]

I know the area well. Have a house on Phelps and a friend has a house on cooper. A little too far to be considered "close to campus". Rental market here is amazing but have a 3 bed in the area renting for $750 with no basement. Looks nice from the pics but think your looking at closer to $700 (w/o any utilities) . I think because of the high demand in rentals, investors want to squeeze whatever they can from them. I'd rather set a competitive but fair price and retain a long-term renter instead of dealing with turnover.