Even if you're talking to a property manager who should be the right person to talk to and tell you what the correct rental rates are, still double check what they're telling you is accurate. 

Now, that said, let's give the contrary view, and why I wouldn't personally do that deal:-Limited appreciation potential for at least 3 years on this property based on location and demand, and no opportunity for forced appreciation-Risk with Section 8 on cap ex -I look for cash neutral on 15 to 20 year notes-positive cash flow of 144/month does not excite me, especially since I prefer appreciation potential -I avoid rentals that require more than $2000/month in rent to work given lack of demand at that price point in North AlabamaAgain, I ran this example just for educational purposes. 

I think it's smart to put money into the stock market.

Spend some money on tools and get your hands dirty.

Personally, I'm not interested in their workshop.

Would love to sit down and have coffee with you and pick your brain.Would love to be able to have a mentor in this space as I start on a new journey in this Real Estate Investing World.Willing to work hard and take advice and act on it.Let me know if you know of anyone one or maybe you are that person.

However, the mortgage is not a commercial product and thus requires our personal names be on the title of the acquisition property. 

I personally focus most of my time on securing deals through broker relationships, though many others also focus on the areas you listed.

What are your thoughts on doing home remodels for your personal property without having a specific "move out" date?

Have you ever viewed any type of investment property in person?