The "1% Rule" suggests that you shouldn't settle for any less than a gross return of 1% per month (or more) of what it cost you, if you're expecting to ensure positive cash flow, even when fully mortgaged.

Based on how often you can expect your unit to be vacant, you can determine how much you'll spend on tenant screening and advertising. 

Well it doesn’t look terrible but don’t expect to make much money on that deal .

I missed the expected ARV.

Is this expected to be a great location to invest in general?

Just as I would not expect an institutional investor to buy and manage homes, I don't think I'll be doing that with the SEP either.Here's my recommendation:Hands-of investmentf: Go with the SDIRAHands-on (or potentially hands-on): Go with a typical (non-IRA) process

Do not expect to find any property that you can finance 100% without putting in any of your own money first (even if temporarily)

You'll have to decide which of these expense items to include/exclude based on your real-world expectations of how you will handle the property. 

As expected there are a tons of people making money by selling bogus liability protection packages out there. 

I usually tell new agents looking to join our office that they should expect about $3,000 before they get their first check on all of the business related items