Based on the numbers you provided and assuming a purchase price of $200,000,this deal PASSED the 1% Rule.Assuming you are getting a mortgage( I know you are considering cash) of $150,000 on a $200,000 purchase with interest rate at 4.5%,annual taxes at $4560 and insurance at $1680 .Your PITI(monthly mortgage) will be around $1280.With a monthly rent income of $2000,you will have a gross income of $720.This is before reserves for CAPEX ,maintenance etc I think you should cashflow $500/month.If I was in your shoes,I will go for it

I found a great cloud-based brokerage that will allow me to train without physically being in the office taking leave from my military position.I think about finding a brokerage like going shoe shopping.

shoes*

My initial call with some "Leslie P"  something or other was met with a totally uninformed and very arrogant person who forgot our call and talked to me while strolling around in the grocery store.