interest peeked with rental property .. adivice is welcomed

[Martin Mclaughlin]

so I've been eyeing a property in the next state. it was on the market for 20k and seemed like a great rental opportunity. This would be my first investment so I believe I would feel more comfortable with something on the cheaper side to get my feet wet.

the price was just dropped to 15k and I want to take the plung!

The mortgage would look something like this:

133$ total estimated mortgage , 52$ principles and interest, 15$ taxes, 67$ homeowners insurance

local 2b 2 baths rent for around 150$ per night

Im thinking I cant really lose although I have to do a lot more due diligence on the current state of the house but from what it looks like, it doesn't seem to need much. 

any insight would be well appreciated. thank you!