No - Unless the house needs to be painted and they are painting contractors with insurance. 

These are more complex that a standard Forward 1031 Exchange. 

My personal insurer (USAA) won't insure it because it's not a "family" LLC.  

.-  Monthly Expenses:  taxes: $125, water/sewer: $150, garbage $50, insurance: $125, repairs 5% (newer finishes, metal roof), vacancy 5-10% conservatively.-  I'd be looking at a conventional loan (possibly owner contract) with 25% down.  

If you're credit is good it's likely a better option because there is no upfront mortgage insurance premium like there is for an FHA loan.

There are signs of neglect all over the property, and the 35k price tag is a best case scenario if we don't find more..I can get a newly flipped property across town with similar taxes and insurance that would rent around 550/mo and they are asking 42k.

Tax - 2.6k (6%)Landlord Gas Water Heating - 1.3k (2.9%)Landlord Gas+Oil Heating - 2.8k (6.5%)Landlord Other Utilities - 5.5k (12.6%)Insurance - 1.1k (2.6%)NOI - 11.8kLending costs - 8.6kAs is, cash on cash would be 5.5%Is (eventually) getting 10% cash-on-cash realistic here?  

It's compensation and standard of work? 

What I'm wondering is, what are the standard formulas that an experience investor would use when considering a new property. 

I graduated college 4 months ago and I started health insurance sales 1 month ago.