Ensure you account for expenses like maintenance, vacancy, or capital expenditures.

The property was in horrible condition, pet odor, lots of deferred maintenance etc.

$40,000 x 25%(assuming a 25% interest rate on credit cards) = $10,000This is more than the annual cash-flow that you are getting from the rental.I would look at a way to paying off the credit card debt asap.Look to see if you can take a HELOC on the investment property(likely difficult).If you can't you may want to consider selling the proprety.You will also feel a lot of relief of not having credit card debt hanging over you.What is the interest rate on the car loan?

If you’re leading it to a company be sure to have in your lease explicit information about who is responsible for what in terms of maintenance.

We pay Lightning Docs a $500 annual fee and $500 per loan, which we charge to our borrowers at closing.

I recommend you do this annually to adjust for utility increases and other variables.

Be sure to hold a hefty reserve to handle on-going maintenance, capex, taxes, and insurance.

At completion, the campus will bring 750 new master’s students and 100 new doctoral students to the area annually, providing talent from a top 25 public university to fill technology jobs in the D.C.

Typical maintenance and capex, no real disasters. 

For instance, said property manager manages maintenance issues, problems that arise during bookings, basically anything that needs a physical person at the property, while I manage the rest?