Assuming property taxes + insurance added don't go above $1,100 total, you could maybe make this work. 

Last tax guy messed up a lot and I caught a lot of his mistakes.

The interest would be tax deductible due to interest tracing rules. 

Here are a few things that I like about the neighborhoods in Indy compared to other states: high rent-to-home-value ratio, consistent and gradual city development, relatively low property tax and insurance cost, affordable renovation service cost.

You must exclude the land value, typically allocated based on property tax assessments or an appraisal, as land is non-depreciable.

The post was trolled and then moved from Tax section to Classifieds section by BP.... 

You are looking at the rent of $2,000 and mortgage (Loan, Insurance, and Taxes) of $18000 and thinking you have $200 cash-flow.

Baselane has the added advantage of synching with your Schedule E you'll use at tax time to file your taxes.

Keep in mind taxes go up as do rents.

I recommend that you look at Notice of Defaults, Vacants, Tax Liens or Probate.