Your goals might be different -- define the goal and then see if the property meets that criteria.You might want to consider running numbers in the BiggerPockets calculator, but they have a fantastic rule of thumb to help quickly gauge cash flow and COC return -- take total monthly rent x 50% ($1,125 per month), add your PITI (lets call it $1,175 per month - $650 mortgage, $425 taxes, $100 insurance), add up those two numbers (1125+1175 = $2300 per month), and subtract from your monthly rent of $2,250...based on that model, you'd be looking at a $50 cash flow loss per month.

@David Nacco That is fantastic! 

Heck, research lending, mortgages, and what banks want to see in your application and financial/credit picture.Once you're ready, house-hacking is a fantastic idea. 

The market is fantastic for cashflow.

David, This is such a fantastic question!!!  

FANTASTIC!!! 

Trey Brunson is our realtor that handles our acquisitions, and he has been a fantastic resource for sourcing properties, walking properties, and staying on top of our contractors.

I am a BP member, I have a couple books (One is BRRRR, which I think is a FANTASTIC plan, but it feels too risky and expensive for a/this beginner), and I am soaking in all the BP podcasts and info I can get. 

I would love nothing more to be able to pay for other deals with money I make from my first deal, like you.That is absolutely fantastic advice.  

In my region Lindy Pond with Finance of America has some fantastic programs for investors for both buy and holds and for flipping.