However, after running the numbers accounting for insurance, PMI, taxes, vacancy, capX, property manager, etc. the property is estimated -1.85% cash on cash return (-$600/mo) once I fully rent the property.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

As others have stated, it's tough to lose the various benefits (health insurance, 401k employer match, etc), not to mention the income itself. 

Reason being, if something goes wrong, the PM is covered (and so are you) by the plumber's insurance and license.Apparently, this is around the same price other people around the US are paying. 

Taxes, interest, insurance and maintenance will eat into the profit. 2.

Quote from @Deborah Wodell: Just bought a place in an HOA where the HOA is under insured significantly, no litigation since we always check for that on every buy...

Because real estate agents work with many homeowners and investors, they often have access to information about pre-foreclosures before the public.

Homeowners do not have major risks from natural disasters.

Guests normally don't like to be asked to cover damages that they caused and sometimes give a lower rating because we ask them to cover it even though they have COI that insures my listing.So I'm exploring the event guest screening option that they could put down the security deposit as well. 1.

"Soft" Bridge loan from Midwestern Life Insurance Agency.