-Management is low - you'll need at least 10% plus leasing costs - typically a month's rent for each lease-up, and sometimes a renewal fee as well-Insurance seems low-Are taxes accurate? 

Even if you break even, you will lose money every month it sits vacant, when you need repairs, property management, etc.

There's a monthly cash flow 101 game in Bloomington through MN REIA.

Tailor these amounts to the significance of the task; for example:Roofer: $1,000/day (critical to weatherproof the site).Painter or garage door installer: $100–$200/day.Contract Value & Payment Terms:Agreed payment amount (lump sum or itemized costs).Breakdown of payment terms:Deposits.Progress draws.Retainage (if applicable).Scope of Work:Be as detailed as possible.

The months of supply, a key indicator of market health, sat at 8.5 months.

on a 100 year old house that rents for $1000 a month that's about to need a new everything - that is spectacularly deficient.  

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and it's super landlord friendly (so you will never have to go through a 12 month eviction or anything close to that!).

I toured the property when they were home and they asked me how the living situation was gonna work, which I explained that my loan said that I had to live on the property for a year, and the tenant next door was on a year lease & he was month to month... so he was going to have to leave.

Getting a great STR like you are telling us about is more rare these days so I would be interested in the purchase price etc.30k a month is a huge number.

Likely will pay 300 plus monthly with a one year commitment, but I get my best info (even that is lacking) from there.