-manage the selling of current property-"manage" the 1031 exchange (I use the word "manage" loosely here since it would involve an org to help with this)-manage the purchase of the new property-manage insurance, invoices, the loan, distributions, etc on an ongoing basisAre there any liability or qualifications I need to be aware of as well? 

This one is a newer build townhome in an A-class Bluffdale neighborhood — great location, newer construction, and easy to manage long term.Property OverviewProperty Type: Townhome – newer build, A-class neighborhoodPurchase Price: $480,000 (market value)Down Payment: $70,000Underlying Loan Balance: about $410,000Interest Rate: 2.375% fixed through December 2051Loan Start: December 2021Monthly P&I: $1,755Taxes/Insurance (Escrow): $470Total PITI: $2,225 per monthRented: $2,495 per monthServiced through Escrow SpecialistsProtection: Recorded Notice of Interest on titleWhy I Bought ItThis isn’t a big cash-flow play — it likely breaks even after reserves — but the rate was too good to pass up.

Calculate in insurance, property taxes, utilities, and loan interest (unless you're paying cash).   

Homeowners Insurance (Annual)Avg.

They could have closed a conventional loan in probably 8-9 days, it was ridiculously fast. 

I'm basically trying to figure out what price point would allow me to at least break even the first year when figuring income (rent, laundry, etc), expenses, loan payment, etc.

First is the down payment, this varies but for your first time it can be sub 5% for a owner occupant loan.

When talking to lender(s) see if you can get approved for an owner occupied loan that provides you with renovation $, like a 203K loan.

As a current Mortgage Loan Officer, I'll tell you this: you're not crazy. 

Many of our loans are for MLS flips.