All told, cash flow will be a function of your down payment and your management of the property.FL tourism continues to flourish. 

@Gary Abrams A cloud based solution would work really well in your scenario of having other family logging in and helping with management. 

I was delighted with their service and be happy to do a introduction for you to my contact manager (I am not associated with the company nor do I receive a referral fee).No business cards but line of credit yes.Revolving LOC? 

Look for a team with a strong track record in managing rentals like yours, especially in your target area.

You’ll want to invest in areas that have tenant interest but also aren't on the extreme end of neighborhood quality—this means avoiding the very toughest spots, where turnover can be high and managing tenants can be difficult.

I am a broker and property manager up here in Clarksville, TN.

* What is your average rent amount for all properties managed?

Has anyone come across their property management company creating a "First right of refusal program" for maintenance requests? 

This is the foundation of why LaPlante Real Estate is based in portfolio management and property management... my personal portfolio started in 2009 and I find the majority tends to be Section 8. 

Try interviewing at least three managers.1.