Hi Tyler,It looks like you may be missing a few items which can start to add up and eat away at your profit.On your Holding Costs it looks like you are missing utilities (electrical, water, gas) which could be a couple hundred bucks a month.For Selling Costs, a 6% sales commission would put you at $8,100, but there will be another few % for miscellaneous fees (title, home warranty, recording fees, settlement charges, etc.).  

This is a tough business that eats up "weak landlords".

If the taxes don't eat up your whole $80K, the remainder could be a down payment to the seller on seller financing.That might be one approach ...

Additionally your equity is eating your cash flow and needs to be sent forth into the world to earn it's keep.Equity in a rental property will kill any positive cash flow to the tune of $833/month for every 100K in equity.

And I might do it since a couple months of vacancy and flipping the property might easily eat $3500 in income.

There are more hurdles to jump through in the financing and the high HOA fees can really eat up your cash flow.

My modo with my team is "If I eat, you eat"  if you keep your people full they are less likely to take food off the table.

Property taxes can eat a big portion of the cash flow.So, some areas fair bettter than others...

In short, people will always need a place to live and a place to eat (or pickup), but not necessarily a place to shop.So, unless you’re a seasoned or institutional investor, with experience and money, you should steer clear of property specifically designed for retail.

I can't really get it, not an easy refi, hard to fsbo so an agent eats up your equity.