Yes, as far as a PM, you are pretty safe figuring 10%, but a few phone calls to different ones in the area will give you that answer. and Jeff Beard brought up a good point as well, you will have to figure in the taxes and comp insurance for your employee.

Best of luck and be safe on your deployment.

Both are pretty safe and near enough to good/cool parts of town. 30's era 3/1's mostly usually requiring some rehab or updates.

It's safe and it looks really nice with a white trim.

@Thomas Clark real estate investing is pretty safe when done right but there are so many ways to mess it up if your don't know what you are doing.

Such safe income properties in this price range make sense when annual rent is 10%-12% of the property price.High Cashflow InvestmentsHere is an example: wooden frame house build in the 70's, selling for $35k and rented $650 per month.You should be aware that there is a qualitative gap in tenant sociological category when rents are lower than $900 per month.

Despite the "common hearsay" aluminium wiring can be safe, provided the correct receptacles/fixtures are used, or the ends of runs were properly pigtailed to copper.You definitely want breakers over fuses and you would want to confirm the existing circuits have the capacity to handle today's electrical loads and that there is additional room in each unit's panel.

Its one of those things that people consider a "safe bet", but we all know that can't be true since almost everyone thinks that way.

Looking at listing may not need full rehab, new roof and water heater done, 3br in neighbor run 900 to 1000, rehab for low maintenance, try to buy as low as you can , look at comps, probably could go in as low as 38-42 with good agent and stress as is, maybe a few agents here to help, get one to give you good numbers not listing agent numbers , street is a nice one for area, not much back yard or parking but nice front, before you close make sure vacant  contingent, if numbers work I would do it, the are predicting an abundance of rentals avail next year with building craze but keeping expense low you should be safe, remember don't rehab as if you are living there, think durable and repaintable, number should go into systems and structure first, elect,heat,walls, windows,floors,plumbing, if you use a contractor go with one you know or work with someone in area to keep an eye on progress, good luck at least you know some of the history of the property

Bring a friend to sit with you so you're not alone, just to be safe.