New here, need some guidance

[Cody Bunch]

I'm relatively new here (been reading up on things for the last few days). On the referral of a friend, I'd like to ask for some advice.

I'm looking to get into real estate with a buy & hold. I've got a pre-approval and have been doing some shopping. At this stage I'm looking at:

http://www.trulia.com/property/3095616090-5842-Fort-Stanwix-St-San-Antonio-TX-78233

Current rents are going for 950-1025 in the area, which after mortgage would leave me with about 300.

I guess my ask is: Can you provide guidance? Should I jump in on this one, or look around a bit more?

Thanks!