Looks like you're ready to take a plunge.

I wouldn't take checks, zelle (or similar) or epay in this situation.You are unlikely to get your money back.

My guess solely looking at your numbers is that it's an older/distressed property which means you have to account for more costs in capex. 2nd thought being it's not in the best of neighborhood then you'd have to take into consideration lower quality tenants/ neighbors and maybe increase expected vacancy and late payments.

The agent works "for free" until the house sells, so taking them out of the deal is theft, and immoral."

The $35K is not NOI- it is gross income, so still have to take out operating expenses, plus mortgage, so loss of about $14K annually plus paying my HELOC of about $1K/mo. 

The devastated community might take years to recover (or never recover), but your costs will continue (debt service, taxes, insurance, utilities, etc.).Meeting the above financial independence requirements depends on the city where you invest.

One of the most important steps you can take as either a startup landlord or seasoned one is to use a platform specific to property management as it will elevate your operation and save you tons of time.The good news is that nearly every software designed for landlords includes these features.

If you don't have a crazy house like a potato, a tremendous view or historical area, then choosing a pic is harder.I like the idea of the game room if that is your best feature.

I don't take a credit score as a reliable metric in my market.

@Cole Starin What type of take out financing did you line up to payoff the private money and get into long term perm debt?