Help with Analyzing Property

[Sam Evans]

I recently found a potential rental home in southeast Texas. 2 bed, 1 bath and 1064 sqft. Asking price is 65k. Now, I have zero experience other than reading a lot of articles over the past few months and I'm in need of some input. I anticipate putting around 10k in renovations. My questions are:

(1)Do you think this is a viable unit in terms of cash flow? Rent would need to be at least 750 to meet the 1% rule (would hope for more), but I'm concerned that will be too expensive for the size of the house.

(2) Considering flood insurance, taxes, home insurance, etc., will all these extra fees eat away any returns? I'm unsure of the actual values currently.