It will be an identical home to the one I’m currently building, and I expect to need no more than $160K in financing.I’m not looking to overextend myself by taking on too much debt, but I want to make sure I’m approaching this in the right way. 

You can't list a property with basic design and expect to be successful, especially with today's property prices and rates.

Core CPI levels came in this week a touch higher than expected: 1 month: 3.8%, 3 months: 3.7%, 6 months: 2.9%, and 12 months: 3.3%.

There are a few properties in the Midwest that manage to generate cash flow, although the appreciation is minimal—this is about the best scenario you can expect.

It should go without saying, but I do understand when you're new to real estate expectations can be out of line with reality --- if you finance 100% of a deal you will not see any money out of the deal for many years and will be putting money in for many years.

I am still early on in the plan and still expect to purchase about 30 more single family homes over the next several years.  

If you do decide to start flipping homes- as a new investor you can either self finance with all cash, or you can contact a commercial lender like myself and expect terms to be 75-80% of the purchase price with 100% of the rehab financed through a draw.

What is to be expected once I purchase the property?

Furthermore, if this is not a property where meaningful appreciation is expected in the near future I would recommend selling.

You have to expect costs, headaches, and surprises.