Solid strategy!

Tools like the BiggerPockets calculator and books like The House Hacking Strategy can guide you further.

This lesser-known strategy could help you save money and reduce your monthly payments without the hassle and cost of refinancing.

Anyone that is looking at your assets is always going to need to factor in property management, so you can show that as a real expense (and really make it as high or low as you want).I work in a vertically integrated real estate and development company, and I cannot imagine how things would run if we did not have an internal property management company that essentially works for the other companies but also stands on its own.

It would be nice to cashflow that much with no money out of pocket, but everyone has their own strategy and circumstances. 

It's actually so common that there is entire Real Estate Investment strategies built around it.

Revisit your strategy annually to adapt to changing goals and market conditions.Good luck!

We are looking to do long-term rentals for a buy-and-hold strategy, starting to build up our portfolio and gain momentum. 

This in turn will kill your exit strategy if you are not doing your due diligence and playing conservative.