Ie If we got the property, the price is low enough that my wife and I could personally cash flow the building until it was stable, but is that a 12 month time horizon?  

For all we (forum readers) know it was priced artificially low to inspire above-ask bids.

Everyone is extremely helpful.

The thing is, I make very low money per hour and I can't go on like this.

So you sell it low so the offers received are even lower.

I saw your ad for the (name something descriptive from the ad) little blue bunaglow and I'm extremely interest.

It takes a good bit of tenacity for surenarrow what market you want to invest in, start building relationships with people on the ground (realtor, lender, property manager, contractors), learn the market extremely thoroughly, then start bidding.

If some are very low you may experience a move out but this is simply part of doing business.

After some time due to some reason the rents in the neighborhood goes low, vacancy rates are hitting high and also the property price has gone below the purchase price.

Your PM figure is low unless you have someone in the 5-6% range like you are showing. not a ton of cashflow, but not bad if you are gona live there.