Each transaction is categorized and summed for each year and so all I need to do is copy the number from my spreadsheets when filling out my Schedule E at year-end.

At 1/6 the equity that's going to eat all your cash right there. 

Although you can get a higher ltv, you eat up your VA eligibility and pay a funding fee (unless service disabled) with rates that are no better than conventional. 

In addition, if one of the units goes vacant covering the cost of the vacancy and getting it ready for the next tenant can eat up tour profits for much of the year.

You dont want your tax compliance fees to eat all your cashflows. 

If this was me, I would walk away eating the cost of the inspection.

I'm sitting back and eating some popcorn.

These days it seems it's not the big that eat the small but the fast that eat the slow when it comes to buying properties.Best of luck and welcome to BP.Stephanie

Health care alone for a married couple even on Medicare is going to eat up probably close to 1k. at todays numbers.. remember Medicare prices for how much you earn and if we are high earners it cost more. 

Reducing spending on eating out and buying a good car (nothing fancy) that is reliable and lasts helps a lot.