Yikes, hope you can get your seller to give some concessions as that's a clear negative.

Does it cashflow with what you're putting down, barely break even, or is it cashflow negative?

Real estate is as a concept much more geared towards equity than cash flow. 

Most deals are at 0 or negative cashflow if your paying a manager and properly accounting for cap/ex.

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.

This would then have a negative impact on your credit score and could make it drop significantly.

The key one for me is whether it makes sense to drop in some “correction” rates (i.e. negative growth) or if in the end it all evens out long term as @Kerry Baird writes...

Seems like he had a podcast about a year ago where he discussed most of his investment concepts are somewhat dated right now and were really for a different era or economic environment.Probably what works best right now is rent by the room/house hack. 

Quote from @Peter Walther:It's not all that crazy....concept kind of goes back to the wild west....which when you think of it wasn't that long ago (150 years?)

Big chunk of your life insurance premium goes to pay insurance salesman commissions so you have negative return from day one.Pay less taxes: contributions to an IRA are tax-deductible so it will help you pay less in taxes.