Primary Residence and the One Percent Rule

[Ainara M.]

If I were to purchase a home as a primary residence and live in it for only about a year or two, would I apply the 1% rule to the original amount I purchased the house for or the amount left on the mortgage? I'm trying to figure out if it would be a good investment for me to purchase a move-in ready home for around $125,000-$130,000 when similar homes usually rent for about $1000-$1100/month. I will also have to use a property manager so I would receive about 10% less than what I would charge the tenant. I understand that the 1% rule is not the end-all, be-all so I would appreciate any and all input!