For consulting with a CPA.As mentioned above you can simply take monthly distributions, but what is most important is how you are set up. 

Once it’s set up, though, payments tend to come like clockwork, which is one of the biggest perks.That said, it's important to remember that rent isn’t necessarily guaranteed forever like a lot of folks assume.

Of course, everyone gets to set their expectations.

I'd also recommend finding an investor-focused agent in that market, sharing with them your buy criteria, and then having them set you up with an email list for properties that get listed. 

What are your long term goals (eg do you want to buy another house) and do you have a large savings set aside for unexpected expenses? 

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

I am ready to take that next step towards F.I.R.E and set my daughters up for life!

The current tenant was already in place when I purchased the building, and their lease is set to expire in a few months.

Setting higher rates than the comps can definitely help attract guests who value quality, but it’s important to stay competitive within your market.

If you have any significant loss issues (frequency / severity) due to wind/hail in the recent past, you could see this minimum deductible set at $15,000 - $25,000 (per building).