The man was told about the house by his minister who is a neighbor.

Nothing is sacred, just buy your heavenly home through a TV minister who says the more your love offering is the nicer your home will be!

Almost of those younger inhabitants are white and quite a few of them have anti-immigrant views.

My wife and I are both 1st gen Americans from Slavic immigrant parents and grandparents.

I think your renter base will mostly be immigrants. the area is near white center which is mostly a C- or D hood.

If you really want to get accurate with your return then take ordinary income tax from the $15K which including self employment tax will run you almost $7K so you'll end up with an $8K profit at best.And  yet even more potential bad news - Depending on your immigration status you will be  subject to FIRPTA withholding of 15% of the sales price of the new property. 

.$490,551 Judgment , $1,864,813.15 Judgment, $113,264 Judgment….Extorting his wife not to divorce him to get his green cardDeceived investor/friends into lending him moneyExorbitant Lifestyle at investors expenseLuxury VehiclesPaid for all his legal and immigration expenses$300,000+ in personal IOU’s owed meI was financially comfortable until Tulga came along and wiped me out.etc, etc,etc.

Sorry dude, you have the added burden of being Asian with (probable immigrant Asian parents).  

I have owned 3 single family homes and rented out all of the rooms while I lived there which worked well because I could screen the folks and minister everything.

They are first generation immigrants from India and it is clear that they will be preparing traditional Indian foods in the home, including curry.