Is this a deal? Would you buy it? Help!

Hello BP, I am failrly new to REI and was hoping I can get your opinion on a buy and hold property I was looking at around my area of residence.

Property is on a Short Sale for 170K and ARV value is around 190K. The house just needs minor comestic repairs like repainting most of the interior. I intend to rent this property and rents around there is 1500/mo. -1700/mo. max. Here are the numbers

Purchase price : $170,000

DownPayment : 20% conv. loan

Mortgage: 30 Yrs

Vacancy: 8% (will vary)

Closing cost: $9,851 (closing + prepaid reserves + discount borrower paid)

Rents: $1,600 ( most likely)

Property Taxes: $5,100 Annual

Insurance : $900 (Annual)

Maintanance $ Repairs : $ 2,000 (est. cost of repainting)

$500 ( More like HOA dues/yr)

I will greatly appreciate your valued opinions on whether its worth buying or what exit strategy to use.