More than enough to cover the check written on the undisclosed transaction account.

On insurance side of things, there is a lot of variables.

If I rent it out and the rent monthly payment let's say covers the mortgage and HOA, the cash on cash return will be $40K(appreciation)/($ 42K (Down payment) = 95% and it will be 1.95 to find the cubit root and it is about 25% yearly return on my initial investment. 

You can use your own funds, use a HELOC or do a cash out refinance to cover the costs.

Maybe I’m wrong but I had to do that on our STR (Ring) and Wyze also requires close proximity on initial setup.

If it's "not your thing" then you are more likely to screw up, get tired, and watch the entire thing fall apart.

You will also discover the warranties don't cover as much as you think, and claims are often denied.Home warranties are so bad that most professional property managers will not manage a property with one in place.

My plan is to funnel the rental incomes from all three properties, along with my W2 income, back into the HELOC while covering all expenses from it as well.

Hey @Brett RiemensniderThere are a TON of banks/credit unions that will offer as low as Prime on a heloc on your primary residence.

Quote from @Scott MacComb: I have had contractors just do a small list on a paper napkin, and some do something on a word document.