If I would have used competent management, the manager that I picked and vetted, then it would have cash flowed, assuming they could have filled the vacancies.The big lesson I learned is that the property manager selected can make or break a deal. 

Outcome currently is a rented basement for $1,350 a month + $130 in utilities while I live in the upstairs unit.

I utilized those funds to purchase 18 rental units.

all materials, all labor costs to others, Not you, utilities, interest payments, permits, licenses, auto/truck expenses, tools needed are all deductable. 

There are tons of strategies, pick one that excites you and run with it until you have mastered it and then you can decide to pickup another strategy. 

Coos Bay - The main delay with application in this area is whether the property is on public utilities or has a septic system and private or public water source.

Also I have not worked out the financing yet. if I just use my cash then the Cash on Cash drops to 8 or 9% and that would be below my Cash on Cash target.Generally speaking and of course just numbers I picked out of the air for reference when running numbers in my head, I am looking for Cash on Cash greater than 15%, high probability of long term occupancy, and no expected major Capex for 2.5 years after purchase and purchase time repairs which I would add into the cash on cash evaluation before pulling the trigger.So there are some more details to be worked out in my head but being it is my first one and only learning what I could from youtube videos I thought I would get some feedback.With all that said, in my head it seems like it could be a good start.Thanks again Jaycee and Gavin for your feedback.

Pick a software that has a workflow that feels good to you, and above all has amazing customer support.

You kind of have to pick a lane - do you want income or 4 units in 4 years?

The ability to pick good renters on a consistent basis.