While there are low and no money down real estate investing methods you can explore, the reality is, you need to capital to invest in real estate.

As was said, I'd think you could do better given this issue and the low CF....

As Stuart mentioned, price point seems low which means area is likely D-C class at best. 

The cons - very hard to cash flow off the bat, especially with a low down payment and...

If the property is located in a vacation or coastal zone typically lenders have fairly low barriers to what constitutes a second home.

I haven't seen rents this low since 2010-11.

If you plan to buy cheap low cost properties and primarily seek cash flow, then you can use simple ROI/CoC formulas.

I usually get 10-12% interest as a private lender.3) Low risk.

A reputable company such as mine will be able to demonstrate call logs and messages between the company and the residents.Maintenance is something in my opinion you have to trust the management company and maintenance team on and have a comfort level with them.

Adding area rugs is a good start to dampen the noise, but you might also want to consider asking the upstairs tenants to be mindful of their noise levels, especially during certain hours.