And just as many that specialize in turn key sales .I would not get to focused on one area until you have explored much of the US markets first.things to consider when owning rentals of course is the city health and demographics and long term projections.. and the other big issue especially with older rental stock is long term Capital expenditures to keep said homes in decent shape.. there is a sweet spot for rentals IE sq ft of homes and bed baths..

Escrowed or not you still have to account for the expenditure.

Management decisions that may count as active participation include approving new tenants, deciding on rental terms, approving expenditures, and other similar decisions."

If that proves out, go to work on the property conditions and plan for the capital expenditures down the road (as you mentioned).  

If you have sufficient funds (of your own) to invest and support yourself with a reasonable buffer for unplanned expenditures, you are ready to leave your job.

And only need a few small capital expenditures to get started.

There is a function called XIRR in excel that allows you to use uneven periods of cash flow (distributions)In your numbers, do you include any new capital expenditures that have a lifetime of more than 2-3 years?

Your outlay, like you said is 750, and that doesn't include any reserves for maintenance or capital expenditures or management (even if you manage yourself you should hold this back).

In the end, accounting for vacancies and set asides for capital expenditures, I'd guess you might clear $100 a month. 

The next step is to calculate the rate of return on the investment or capital expenditure in this case.