However, after running the numbers accounting for insurance, PMI, taxes, vacancy, capX, property manager, etc. the property is estimated -1.85% cash on cash return (-$600/mo) once I fully rent the property.

Other distractions include non income-producing activities - aka any distraction pulling you to do something other than speaking with and following up with people.How can I prepare myself?

It will only cash flow about $150/door/month, but I tell you this to point out that cash-on-cash returns are nice to analyze, but I am getting to the point that something that cant be an infinite cash-on-cash return at some point in the near future just doesnt sound that appealing.  

@Sam Fujii Has to be non recourse.   

This is helpful for monthly bookkeeping and tax return preparation. 

If you are someone that jumps into things and then lose momentum and returns to the same place and state of mind then this is probably not a good idea for you.2.

It seems like an absurd return with no work put in.

It’s also great for building a trusted brand in your market.5.Customer Service is KING: Prompt responses and proactive communication are non-negotiable.

I started by setting aside a percentage of my income every month, treating it like a non-negotiable expense.

There seems to be a belief throughout this thread that its alright for a city employee to come onto your property and simply lie about item after item and then send a written agreement in direct contrast expecting you to sign and return it.