Maintenance fees and other costs have been very low as well. 

Nevada is landlord friendly, low property taxes, and close to CA.

With that said, the odds of your house getting by a tornado are very low.  

Additionally, so far the economy has shown pretty strong resilience, with historically low unemployment rates.

Typically 30Y fixed, refi into an LLC, low doc loans that don't report on your credit. 

Vacancy and maintenance factors should be higher than for Class A as homes will be older, have more deferred maintenance and tenants will be harder on them.Class C can be relatively successful with a great PMC (do NOT hire the cheapest!)

Prices soften a little....but no where close enough to offset increased borrowing costs.There are basically two logical flaws that lead people to the conclusion that rising rates equates to equally low prices.1) They assume that other investors have the same borrowing costs that they do.

I don’t mind having equity in my properties, but I would like to keep the equity values as low as I can so I can deplore more capital into other projects.

Too low and I pass.  

Especially on a low-cost house like that...not much room for a $10k error, right?