Would you invest? Yes or no?

[Justin Dyches]

I've found a SFH which is a 3bd 3ba house that would typically rent to college kids. My realtor says it would rent for about $1300 a month. My problem is that it seems that after running my numbers, my expenses are at $1285 (including repairs, vacancy, and CapX at 8% = $100). I would be putting down 15% and getting a loan for 20 years at 6% interest rate (mortgage = $610) or I could do 20% at 30 years at 6% and mortgage would be $480. Then I would be cash flowing about $150 per month. What would you do in this situation? Let it pass or do one of these choices?