A couple developers we work with skip LIHTC and the tax credits and go the route of impact funds to help alongside other debt and sometimes equity. 

It is what is left after snow removal, cutting the grass, utilities, tenant issues, parking lot issues, property taxes, mortgage payment, etc. that make a difference.

We did that for about 3 years until Jeff informed me he'd fallen behind on property taxes, and all of his lenders called the loans due.

One caution when using crypto to acquire property is being aware the tax ramifications are identical to if you converted to cash first.

During vacancy, I have to incur some costs, such as property tax, property management fees, insurance, and possibly property damages from break-ins.

If you can rent it for enough to cover the principal, interest, taxes and insurance and still put money in your pocket, plus cash flow on the property you're purchasing, that would be ideal.

What's even more frustrating than asking the IRS help desk, is asking a Turbo Tax "Tax Specialist".

The property tax is higher than other markets, but generally, the numbers still work. 

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

You mentioned gross rents of $3400 per month and Principle/Interest/Tax/Insurance of $2500 per month.