I also wouldn't have cash in the bank either.Also, keep in mind the benefits of inflation.

@Aaron Junck your exactly right, with taxes and financing your cash flow negative. the lawncare i think is inflated, what you see in the pic is all there is, vitually no backyard, in my area it shouldnt be more then $40-$50/month. 

I wanted real estate as a hedge against inflation and to lock in returns that could meet my retirement needs

.$1,850 versus $150,000 is just over 1.2% rents and it appears you're paying the electric bill which artificially inflates that number.Having to put 8% of your rents towards flood insurance and another 8% towards property insurance is crazy.Property taxes aren't terrible, I like to see them under 1 months rent.You have no property management, lawn care, repair contingency, vacancy contingency, or CAPEX contingency in your numbers.The seller obviously isn't doing you any favors on financing... high interest and short amortization I'm guessing. 

It's very common for management  companies to bait you with a low monthly % of rents...only later to discover the additional fee services or that they contract or use their own employees at an inflated rate.3.

Between inflated ARV's and clueless renovation estimates, I can't imagine any of these get actually picked up by investors, unless there are as many clueless investors as there are wholesalers.

I find manufacturers use less coupons these days so I have the wife sign up with a junk account to get direct coupons.People haven't seen anything for inflation yet.

Interesting points made wrt inflation too. http://www.calculatedriskblog.com/2016/05/real-pri..."

I don’t get the inflation hedge this way.  

The Zestimate which is always inflated (except in certain cases) is around $148k.