With just these numbers to go on, if I felt the neighborhood is solid/trending up and not down and assuming your rent projection is realistic, I'd buy it. 

It could be a good option if the investor strongly desires ease and passive style.

Now you might be like Joe, know rents for a couple of neighborhoods and can quickly estimate expected cash flow from properties pretty quickly (that's what I do as well) but you still need a screening rule so you invest minimal times on properties you will never put an offer in on. 

If you start buying properties in Class C neighborhoods, you can take advantage of higher and more stable rents/renters with Section 8 vouchers. 

Without knowing the specifics of the neighborhood or property I would expect it to appreciate the same as other 1-4 units in the area over the next decade.

While I haven't remodeled the main house, it's situated in a highly desirable neighborhood.

I have actually been thinkin about cutting losses honestly, I am not sure this is the best investment I could have made as my first but worried about how much of a loss I would have to take.It is meant for S8 for sure, I would have a stringent application process, and give the neighborhood a C from my research.I invested there because it was the first deal that basically fell on my lap where the mentor works with agents that Seller Finance deals, it was only $3k down and had thought the proximity to St.Louis would be attractive to tenants also.I effed up on waiting to post for rent until after all repairs and the COO for sure.  

Signed into law in 2021, SB 9 is designed to address the housing crisis by allowing greater density in residential neighborhoods.

Here are some key steps to get started with the BRRRR method:Keep Learning: Stick with reading and watching videos from experts like David Greene and Brandon Turner.Get Your Finances in Order: Save up for a down payment, check your credit score, and look into getting pre-approved for a loan.Research Markets: Find neighborhoods with growth potential and high rental demand.

What neighborhood are you purchasing in?