Call a local real estate agent in the area you want to buy in, and ask what the cost of selling an average property will run you and put together a spreadsheet from purchase, to managing, to upkeep to selling.

About 3% vacancy given, I prefer long term tenants with average rent rather than 1 year lease (turnover) with market rate. 

Also remember that this has been done for a long time so when you start out just do what is average for that area. 

Carlos, you should speak to a few loan officers to see if there's a product out there that may work for you.

Fannie Mae rental product need 6 months of reserves and good credit.

Your right, everything should be free and no advertising of any products.

It could be a good sign or a bad sign.On average approximately 10% of tenants are bad.

I’m looking for quality products at affordable prices that are better than the big box store lines.

Its easy enough for the realtor to find the average asking price to purchase price ratio and then offer what it would be based on that; especially if there is no other interest.

To me, it looks like a good first starter cash flow property, but I would like to see ya'll's take on it.I found a 3br, 2 bath townhome for around $115,000 in Charlotte, NC area that would serve as a great family home/ potential home for graduate students near the university and the rent in the area off Zillow staets an average rent of $1300 dollars.