But it could still provide better organization and protection.

We've never had one PM company that we made a profit with.  

You have to vet your tenants well and also I would implement other strategies like seller finance aka rent to own to boost profitability.

My breakdown is about 1/4 Section 8, 1/4 non profits and the rest are regular folks renting .

I suppose there is a reason agents are doing it but I cannot see this as a profitable endeavor...

As you start closing deals, you will need to reinvest your profits into mailing lists and other scalable activities to grow your business.

We calculate gross income as all dollars coming in except taxes.Our clients gross revenue is the room rate (top line) expenses minused out and then they receive their net income.Net profit (or loss) would be then when they subtract debt service, property tax, insurance, utilities, etc.

Then your "loss" is only $700 more per month than what it is now, and if you live there at least 2 years and can manage to sell for a profit you won't owe any capital gains assuming you lived there first.

Welcome Scott,There's a ton of useful resources here on Bigger Pockets from calculators designed to show profit/loss to seasoned investors giving advice.

This creates a risk-free profit center for them, but no one here is a fan of the upfront fees.On the positive side, I believe their website is one of the best I’ve seen for a lender.