Out side of those personal preferences, I think that would, generally, be considered a solid deal.

I prefer someone who knows how to work with long distance landlord.

I am a broker in Missouri and I have a client that I handle leasing for (not management)  that prefers that I sign the lease as a "authorized agent" on his behalf.

The 2% rule is a guide, like all other rules.I think you should do the math, as you have, on both sides being rented at market value because you may not want to live there forever.I wouldn't personally purchase without cash flow.Not all areas allow for cash flow purchases so you may need to find another way to invest in real estate in your area.For analysis purposes, I do monthly rent - 30% (vacancy/maint) - PITI (I prefer 15 year notes) = reasonable expectation of long term cash flow. 

By the way , can you refer me to the preferred areas in Little Rock and a recommended property manager /Thank you for the prompt reply,Amir.

I much prefer working with a lender of my choice who will service the loan long term.

It is not at all true that Fannie Mae doesn't sell to investors -- a very significant chunk of properties are sold to investors -- but it is true that they have a preference for owner occupants.

Portland, we need an electrician, preferably a one or two person shop that doesn't have the overhead of a large commercial outfit.  

I guess it boils down to personal goals and preferences.

I'm open to making it my first rental if that makes sense, but my preference would be to just part with it and get my money back.