Does seem fairly reasonable 🤔 went high on the Reno estimate and maintenance costs ect and low on the rental amounts.. so hopefully it will work out better.. 

Low Lot Costs: Land prices in Griffin are exceptionally affordable.

I always recomend clients against low class out of state deals as it often just doesn't work well.

. - the appraised value is super low, if you get what you are looking for, I would expect those taxes being significantly higher putting more pressure on the cap rate- it’s a beautiful, unique property.

You might not get as much cash flow with that equity as you would get if you sold and put it into say an apartment building, but with the low mortgage rate you are likely getting some pretty good principle paydown each month and it's in an area that will see good appreciation/rent growth long term. 

When the tenant leaves or there is an eviction, you will be stuck footing all the bills with a low likelihood of recovering it.

While I understand this may not be the best time for high demand, the lack of inquiries has been unusually low—something I’ve never experienced before.When I searched for similar rentals in the area, I discovered that my listing does not show up properly.

At the end of it all you paid fees and did the work on a property to make a very low rental margin. 

Very difficult to operate low income housing through 3rd party management, especially over an extended period of time.

Typically $2m+ homes don't cashflow due to high taxes, high insurance rates, and low rental demand.