Assuming property taxes + insurance added don't go above $1,100 total, you could maybe make this work. 

Im working on getting another appraiser over there in hopes i can get mid to high 6's Maybe try a BPO - this will be cheaper but not as detailed and should give you a general idea of the market - its much more expensive and time consuming to get an appraiser if your going to do multiple of them.  

Working with the family friend who knew very little about investing set us back a bunch but once we connected with like minded people and discovered house hacking we were put on the fast track.  

Most of the savvy investors we're working with, even through we'll lend more that this, are coming in at 30% to 35% down.

Once they have seen the property and are interested, the prequalification and background checks will do the rest of the work in weeding out undesirable tenants for you. 

Therefore, you will want to confirm that the trust company allows for investing in an LLC and the associated fees and minimim balance that applies to the IRA account.2.

Some people that they are calling (the owners) might be at work until 6pm so that is when they can answer.

Would love to hear what’s worked (or not worked) for others.

My wife is a Top 50 Realtor who works with investors.

I work with investors that put about 10% down on BRRRR properties, I'd be happy to connect you with our lender.