Where will the money come from to cover your mortgage payments AND the needed rehab work?

They just look at pictures. 

Then we take 150-200 pictures of the home prior to move in.

Not sure if that will be helpful.You could also work with your agent about a big umbrella policy to cover the uninsured parts.

The income (rent minus management) should cover the costs (principle, interest, taxes, and insurance) depending on the property's price point. 

Otherwise get a glass or plexiglass cover made for the top because not everyone will use coasters.

The terms you are looking to offer definitely appear reasonable and you should be able to get these offered out under a white label or table funding (maybe not all those terms at once, but likely covered through different options/programs, even with one lender)

Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

The one percent and 2 percent rule ive never looked at ... cap rate is .. meh .. its there - what im most concerned with is the price of the home relative to comparables and cash on cash to start.   9)  I look  the other way if it is a multi unit that is not separately metered - thats always one of my criteria here in pgh as there are a lot of older homes and a good portion you wind up worrying about who will cover utilities.  

If you use a property manager, you'll need at least 50 rentals to cover the additional expenses.