I will take everything into consideration, and setup processes for the phone calls that I recieve.

From the outside it looks like it needs a paint job, possibly a new roof, new windows, and I am assuming by the looks of the outside it will need considerable upgrades inside.

An important consideration is also your cash flow outlook so keep that in mind before you make your decision. 

For other lenders, they usually disallow appreciation as a consideration.

LOCATION, LOCATION, LOCATION is what drives demand, and llimited supply creates rising prices.

Lots of factors you have to take into consideration.

If interest rates rise in the future the risk may increase.LLC ownership is part of an asset protection strategy. 

I do not give any consideration to appreciation.

There's so much more to the equation, that you need to give consideration to that is beyond monthly payment vs rent to analyze a property's potential as an investment.You might want to try something like this:http://beta.biggerpockets.com/files/user/brandonatbp/file/brandon-turners-spreadsheet---rental-flip-hybrid-calculator

I mean chess is easy  but the level of players varies considerably.