I don't like telling people what the criteria are, because I don't want to give them potential evidence to try to use against me for some bogus discrimination suit that I still would have to pay to defend against.  

Minus expenses and property management of $1,480 as calculated above you get a solid $1,500 a month in cash flow. 

@Richard Warner solid PM is a definite must!

There's no evidence of any pending sale/relisted cycle that would signal the house is scaring off investors due to needing lots of work. 

People do it though just make sure your ARV is solid 

Even if you are not using their management services, they can help you navigate the local market and provide you with solid rental evaluations.

Rehab and Construction process - turning a distressed property into an actual solid property that an end consumer will thoroughly enjoy, possibly for the rest of their life.2.

Wells Fargo is one of the largest real estate lenders and they're awesome to work with so that's a solid option for down the line.

@Daria B. you make some very interesting, solid and accurate points. 

I have plenty of heavy cashflow opportunities right now in solid student rental areas.