Quick math I think you will have a very low monthly ROI.

Let's use 10% to keep the math simple.  

You would then do the math to remove that exemption and see what the resulting yearly tax amount would be.Since it's your first time being a landlord, it might make sense to utilize a property management company or agent to find and screen a good tenant.

Do some math and consider if you’ll get better returns unlevered in REI or through equities that pay dividends.

Its not real complicated, its purely a math question.

@Shannon F.Make sure the MTR vs LTR math makes sense for the work involved. $3K per month as an LTR x 12 months = $36K $4K per month as an MTR x 9 months = $36K Vacancy is a huge factor. 

For instance if I can cash flow $400 per $190k house in pa or $500 for a $425k house in nj the math is very simple and would be doing the two PA houses.  

They can quickly do some mental math to see if they are comfortable "losing" 15% of their usual revenue.

Does the math make sense?

WAY overthinking again, ITS JUST MATH.