Negative $455/Month and at that price/rent point, poor historical rent growth and appreciation.What is the expected source of return?  

I personally like long term rentals, but it sounds like the numbers don't make sense and if you cant afford to or can't justify covering that much negative cash flow then another strategy is renting by the room, that works well if you have or can convert to at least 4 or 5 bedrooms. 

I will share both the positive and the negatives and you can make an informed decision.

Just remember: most negative reviews are written by problematic tenants.

If you can find a lender that will borrow you that much, you don’t mind being negative $800 give or take per month, and you don’t have anything for the bank to go after if you fail.

They might have even been cash flow negative!

with the right BRRRR you will be break even, or even cash flow negative, likely for several years. and it's very hands-on and requires a lot of time and effort.the same with flipping. 

As long as the investor does not expose himself to negative cash flow for long periods of time, over any 5 year and definitely 10 year period the real estate market in general should recover enough to provide a positive value change for most real properties.  

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Property management is one of the most critical yet often overlooked aspects of real estate investing.