Assuming you can rent it for $2,500 a month and there aren't any additional recurring costs such as HOA or management fees the cash flow would be <$800> per month not including set asides for maintenance and vacancies..

This a recurring question I get all the time from clients and other investors about the security and last month's deposits.

So you have to decide is the set up and recurring maintenance costs worth it for 1 property?

. ----- Typically a lender would give you income credit of @ 75% on seasoned rental property, so they could 'wash away' some of your mortgage obligation on your rental, for example: Mortgage = $2,000 , Rent = $2,000 - the lender would only factor $500/mo. as a recurring debt to you the other 75% is washed away BUT on a negative cash flowing property they may not be able to do that and it may actually look more like a recurring debt of $2,600/mo. to you (using example) -- which may actually not allow you to qualify for a loan in the future. 

Enter recurring charges and automatic late fees.

Enter recurring charges and automatic late fees.

Some won't dedicate the time or care to only earn plumbers and contractor wages, but by placing tenants myself and dealing with my own water heaters, toilets, etc with my son, I estimate it saved me $18k at least.If going to scale a bit, ID the high dollar recurring repairs you have and try to find the time to learn and take care of those for yourself👍

Also consider signing up for a tenant management portal like Apartments.com that automates the late fee charge and also provides recurring payment options.

We have over 1,000 residents who already set up recurring monthly rent payments via ACH through this processor.

However, they are very distinct from recurring annual fees based on total invested capital.