Your carrying costs include mortgage, property tax, insurance, electricity, water, garbage, HVAC since it's summer and any HOA if applicable.Get a Prelim Title report $50 to $60 in most places.

rational people do not think every inherited tenant is bad. but rational people know that inherited tenants remove a degree of control and thereby increase risk. you are safer in assuming they are bad tenants, than in assuming they are good tenants.

Also known as builders risk policies.

I myself is from Seattle area but i am looking more around mid west... less risk on market going down and taking all those nice top market bubbles with it. 

This would be my first effort, as a non-accredited investor, dipping my toes into real estate in a low risk way. 

It's signing up for huge unnecessary risk and uncertainty right out of the starting gate versus building easier wins in a neighborhood that is more predictably heading in the right direction. 

This is where you're really going to be able to find property at a discount and maximize your returns while also ensuring the lowest basis (and therefore the lowest amount of risk).

Is it easy to manage a SFH rental property here by yourself considering the risk of delayed rent,  eviction possibility and ect?  

It is a totally separate policy (builder's risk).

If you make  that choice you need to understand the risk you are taking.