Rental - What are all the monthly costs (property manager, taxes, mortgage, insurance, repairs budget, cap ex budget, utilities, vacancy) and upfront expenses (rehab to get rent ready, etc)?

If you have everything ready to go and can deal with the vacancy, then do it and have peace of mind knowing you won't have repairs and can get top dollar for the unit. 

I would generally agree with @Matthew Whitehead, it can depend but we filled a few vacancies in the last few weeks during holidays too.

I am a big believer in buying property that cash flows with a good margin for maintenance and vacancies. 

I generally allow 30% for vacancy, maint, and capex.I don't think this property would actually cash flow anything.Is it in a good area or a junk area?  

Hi, @Paul C. based on your highest rent ($2200) and lower corresponding ARV ($390k) here are my numbers once it's rented out:$2200: GSR($110): Vacancy - 5%($330): Repairs & CapEx - 15% combined($220): Management - 10%, always include even if self-managing at first($177): Property Taxes($177): Insurance ($1581): Debt Service - $312k mortgage at 4.5%, 30 year= ($395): monthly cash flow3 months to renovate, doing it all yourself?

Where does vacancy factor in? 

If I were you I would call a few different property managers in the area and ask what the vacancy rate is for 1b/1b rentals.

I don't expect too much appreciation but the house is clean and I figured 10% vacancy rate to account for the tougher market there.

Turnover in the area ( how frequently tenants changes houses) that potentially affects the vacancy.