Maybe get rid of the 10% buffer if you already have a lot of science behind the estimate.Maintenance - As others have said, the maintenance number is too low (especially for 100% turnover) but your combined maintenance and cap ex do not appear too low.Appreciation and Principal Reduction - Cash flow is one of three profit drivers in real estate and to calculate the true return, factor in the other two drivers using the IRR.At a 60% expense rate for a $1450 rental, you are likely forecasting expenses a little on the high side (even with the higher taxes) but you may not be too far off (and the tweaks I mentioned may help).

It's not rocket science. 

-My two degrees are in Political Science and Business Economics -- Note, I am currently looking into property management, but since I technically already property manage two places, I think it would be a conflict of interest.

There is an art and science to purchasing and operating real estate for income purposes.

I graduated in 2017 with a bachelors in Material Science and Engineering from the University of Minnesota, Twin Cities. 

Math, however, is a science.

Ever since I went to college, and met some really great landlords, I knew it was the kind of job that spoke to me.I graduated with a degree in Computer Science from Tennessee Tech, but absolutely fell in love with the town there.

I would say it's comparable to the level of most 101 science courses.

Seems to me the title company is making up a "legal fiction" as they go along.

Seems with properties like this it's 50% science 50% art and just know the area very well by seeing lots of property.