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. 

Of course, everyone gets to set their expectations.

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.

This plan covers 24/7/365 troubleshooting services from Lula's experts (such as guidance on resetting a circuit breaker), tenant coordination for scheduling repairs, and access to a network of vetted professionals.Once you're subscribed to Lula, you can set aside a pre-approved amount for repairs, which can be used without needing to contact you as well.

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.

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). 

We set a $1k minimum for properties that need less than $100k wire. 

A good freind of mine set up an STR in a similarly lenient area and found that they could focus much more on guest experience rather than the administrative hassle.