The mistake you are making is it looks like you think you can use the number on the HUD website as your rent amount. 

It slingshoted from arguably one of the safest, to arguably the worst.

There is a price for everything, but flippers make the mistake of thinking they can still get market value on a locational error.

Tons of seasoned members here to also help offer good advice as well as keep new investors from making mistakes.  

This was my first property, and while it's been a great learning experience, I made several mistakes along the way—ranging from choosing a realtor who was more focused on closing the deal than finding the right house, to having a poor inspection and overlooking issues hidden beneath the surface (literally).

The overwhelming answer is that the reverse trolling is, at worst, annoying and a suck on the forums, and at best, tedious and ignorable.I also think most people here said what I think, we all should know how obvious it is, but the truth is, from being in the forums for more than ten years, new people are susceptible to anything.

Plus, as mentioned your risk exposure would be huge if you didn't have a contract in hand to lease, plus they won't want to lease from you, because they are a Sticky or capture tenant.Start small and Make Your Big Mistakes Early.

Education via trail & error is easily the #1 worst way to go about anything today UNLESS your an explorer, inventor, revolutionizing and still all of those have a whole lot of training and education backing them. 

His mistake was underestimating how much the loan repayment would eat into his cash flow.

I am just worried this might be a mistake as it as a high cash flowing property and my mortgage rate is a low 3.125%.