Can someone do us a favor and summarize how this procedure would look from start to finish, and using the #s provided if this statetgy is even worth it?

I’m 3 months into an FHA house hack and it’s arguably the best decision someone can make if they are interested in pursuing a frugal lifestyle.I will try and summarize some takeaways from my experince, since you are just asking for general advice.1.

Is there a website or app that does a good job summarizing key stats?

And you should have something in your lease agreement about immediate notifications for any water leaks of any nature and the consequences of tenant not doing it.To summarize: it depends on the roof condition, the insurer and your financial planning, it might make sense and have options in replacing the roof, or might be better to do repairs and postpone replacement.

These reports will let you summarize all types of expenses for each property and total them for all properties.  

@Brad HasselerTo summarize where most PM companies fail I would say: building business systems.

The independent was the cheapest but the father and son team seems to be on top of their game a little better and they have a small support staff.To summarize Maintenance1) Plumber/HVAC2) General Handy Man3) Painter/Drywall Guy4) Roofer5) Electrician6) Garage Door GuyOperations1) Banker2) Accountant3) Title Company4) Realtor - until you buy a couple of houses using one they are really not going to give you any special treatment even though they tell you they will. 

And you'll need the QI to be in place prior to close because there are specific documents and addendums needed to the closing statement to reflect the 1031.Regarding the gain/depreciation calcs those will be easily summarized by your accountant on the form 8824 that they'll attach to your 2019 tax return. 

Summarized, LEGALLY, THERE EXISTS NO OPTION FOR NON-PAYMENT OF RENT.

@Bill Gulley and Rick H. make some good points, which I would summarize as there are routes to a destination.A question I would ask you is how do you learn best?