Once you have managing it down and you've got some experience then you may want to consider making it section 8 eligible.I imagine you're going to get lots of responses telling you to avoid section 8 all together.

Rates will be higher as you may imagine.

Commercial insurance might go down but you'll lose the income from the lease so I'd imagine you'll end net negative. 

I can imagine they'd average out at about 2.5-4.5% over time (5% in a rare great year), but not close to 6%.

The house looks abandon and in need of some repair from what can be seen from the outside ( can only imagine the inside).

Since you are only looking to put 10% down I imagine liquidity is an important factor.

I can’t imagine a system where the water bill would be $2000 for one year.

Imagine how it would be if you owned all of your properties free and clear.

I can't imagine a divorce attorney, as an example, simply giving away free advice to complete strangers.  

Because Imagine if you could rent that property for $1250/mo let's say because you found a good deal.