If you pick the right area in Killeen it could be a great investment.

If 4/5 of the roommates are upset, someone can pick up the extra part of the rent or re-evaluate their roommate choices.

For me its not a deal, the return is very low and you have no value add opportunity.separating the utilities is costly, and often you can just pass these usage to tenants on top of the rent.And its on Septic.

Is there other information other than the price, location, taxes, and utilities estimations?

Ive read on here that some landlords calculated the sq footage or price per person and split the utility between the units that way. 

The area where there is growth is standard buyers picking up light fixers on the MLS as they are confident in market conditions, prices are high and its a way to get a house at a small discount (too much for an investor to pay).So, the fastest way to build capital in Southern California is to be a listing agent.

We spent 30k on the project and now its renting for 1200 per month which covers our mortgage and some of our utilities!

Flips, now notes, now wholesaling ,now syndicating on and on..Pick something "master" it and stick to it.For example.

I would be more concerned about clean title in this scenario than seeking to utilize a self-directed IRA... and am surprised that this issue was not first addressed by other respondents... for example, a defaulted mortgage based on "assignments" created by MERS "Vice Presidents" litter land records in every courthouse in America. 

A matter of fact many people on bigger pockets will suggest to utilize "first time home-buy perks" to purchase investment properties.