Check your insurance, I’ve seen a lot of people specialize in renting to group homes or care facilities so there must be a commercial policy for this.

Most things in relation to the rental are deductible - Mortgage Interest, Taxes, Insurance, Repairs, etcIf you are unsure of what is deductible, you may want to consider working with an accountant.

The seller is offering seller financing at 2% interest with a 9-year balloon.

Property taxes and insurance costs are best obtained through local county websites or reaching out to insurers directly for quotes specific to the area.Tools like BP Pro and Reventure can be helpful for an overview, but it’s a good idea to validate their data against primary sources to ensure accuracy.

Reassess whether you need the home warranty, flood insurance, or other items.

On insurance side of things, there is a lot of variables.

With the right tax strategy, you can maximize deductions and reduce liabilities, while having the right insurance and reserves in place will protect you from unexpected costs.By Implementing a quarterly financial review to assess performance and make adjustments to avoid cash shortfalls.

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

I really appreciate you reaching out and offering your support.

If you can't then you can look at some cheaper midwest markets like what Ohio has to offer.