Red flags all over the place.

I will be moving likely within the next 8-12 months or so, and my wife and I are planning on renting out our house, so that's how I figure we will start.I've got a pretty good gig going with the AF so this will be more of a supplemental thing for me at least in the beginning so I would say I'll probably be taking a more passive role to start, although I'm open to anything.I spent the last two years as a recruiter so I've gained some valuable experience in Human Resources, advertising and marketing, cold calling, as well as general salesmanship so I think I can find a way to use those skills in this venture.

Here is the condo:http://www.zillow.com/homedetails/1761-Red-Jacket-Dr-Antioch-TN-37013/108741488_zpid/Rent comps for 2 bedrooms in the complex are anywhere from 1200-1300, but I couldn't find any rental comps for a 3 bed.

@Dennis Lozano That's not far from me at all.

Hopefully one day you'll be big enough to actually NEED that service, and if you didn't plan for it at the beginning then whatever profit was left is either at zero or in the red.  

Are there any red flags when dealing with section 8 tenants?

I've got only $7500 in reserves and that doesn't feel comfortable to me at all

All of this nonsense about the 1% paying their "fair share" is red meat fodder for votes, but defies what the actual statistics say.  

The seller has cost me at least $2200, to say nothing of my time - three plus months that this has been in closing.

A valid reason hasn't been demonstrated to me at this juncture.Thanks for your insight!