It's advisable to consult with a financial advisor, real estate professional, or property management expert who can provide personalized advice based on a comprehensive understanding of your situation.

This isn't even close to a comprehensive list, but the point is that you need to learn the pitfalls of each building based on the year it was built and do the due diligence so you don't buy a lemon. 

Thank you for taking the time to write such a comprehensive note.

Yours is the most comprehensive intro I've read here yet.

Albert great points...I have not read the studies in years but they were as comprehensive as academically possible.

When you have almost 50% of your SFRs  are rentals compared to the west coast were that number is 6 to 10%... and most renters are in apartments.. .. its far more complex for the PM's in those markets to keep units rented.. just the logistics.. compared to apartment owners.. that is one aspect of the cash flow game that us on the west coast just don't really have a comprehension of.. its one thing to have 100 units in a square block IE apartments but out in the burbs 100 houses may be in a 10 square mile area and its just much harder to cordiante.. along with each house is on an island isolated as it were and subject to break in's ext....

I just recently discovered all of their how-to videos on YouTube, a whole comprehensive series of videos from the tenant, landlord and owner points of views...they are great!

Can anyone point me to a good template that is comprehensive, factoring in tax deductions, etc?

In my opinion, you're fortunate that the tenant is on a month-to-month lease so you can give him notice of non-renewal now and get him out of your property.https://www.biggerpockets.com/renewsblog/2014/09/21/the-ultimate-comprehensive-list-of-tenant-red-flags/?

Hold my beer.Joking aside, I have several college level classes w/o a degree from criminal justice to the brink of higher level calculus.Basic math and comprehension are really the only tools you need.