Definitely feasible, but don't sleep on the W2.

Passing the Self-sufficiency test on 3-4 unit properties with FHA financing is truly a nightmare. 

What guarantee do you have they will carry sufficient hazard insurance?

Once you've accumulated sufficient reserves for the property in this account, you can then use the excess cash balance to sweep over to your personal account as profit distributions.The key here is keeping the entities separate. 

For example, if you are a writer interested in writing stories and newsletters, one of the best things about that is that, even when you’re at the gym, working, or sleeping, your writing can still be hard at work, raking in some extra income.

It is more likely she was tired due to COVID or simply not getting enough sleep.

I probably wouldn't keep the home with negative $550/month cashflow unless you have serious reserves and sufficient bulletproof (as in recession-proof) discretionary income.

I've had issues with this tenant in the past, as discussed in a previous post.Currently, I'm concerned that my tenant might have a drug problem, as he seems to never sleep.

With FHA loans, there is a self sufficiency test.

Most houses cannot be bought at a price sufficient to cash flow.