Quote from @Jonathan Bombaci: This year, our management company, which oversees 700+ units in Massachusetts and New Hampshire, spent over $209,000 on attorney fees, primarily related to evictions.

But now things are working more smoothly and after finalizing the accounting for last year, I have a better idea as to what kind of profit to expect.  

If I scale to a point where I no longer have time and have to outsource, that line item is already accounted for and the property will still be profitable.  

Also, make sure you have a great property management company who can be your "boots on the ground".

I did but each company I worked with has been bought or sold since then.

Also any tips for automating this as much as possible and how to protect the property financially and property management would be appreciated.I ALMOST understand the rental arbitrage strategy if building a company scaling with say 30 + units and looking for high short term cash flow.  

In my Longmont flip, we made sure to account for worst-case scenarios upfront so there were no surprises later.

I'm located north of Houston, Owned a Real Estate Mortgage company years ago.....

Travel nurses are making bank and sometimes I think the locums companies provide lodging.

I work for a property management company in Milwaukee, a very hot rental market currently.