After you factor in capex, maintenance\repairs, and vacancy, you're likely going to be cash flow negative every month. 

The challenge is not to allow their negative opinions get on the way of my goals and vision.I just wanted to put my thoughts out here...What are your experiences when starting out with real estate investing?

Your looking at about $50/month negative cash flow. 

That's just your ego giving you negative feedback.

Negative monthly cashflow is pointless 

I personally wouldn't want a cashflow negative property.

Was on a REIA webinar last evening and part of the discussion was how the term "landlord" is now perceived as mostly negative in the eyes of society.

I have actually used this model twice to buy houses I would have never bought due to negative cash flow.

If the lender has a certain fixed cost for loan processing and underwriting that has to be covered by the loan fees, then the lender may not offer small loans where the maximum allowable fee does not cover the overhead.Qualified mortgages can not have an interest only period, can not have negative amortization, can not have a balloon payment, and the lender has to ensure that the borrower has the ability to repay the loan.  

Negative Effects Mildew poses no real risk of health problems.