Lots to consider - and if you are planning on self managing, I would read Landlording on Autopilot by Mike Butler.

@Josh Butler Just picked it up not too long ago, needs lots of practice like my REI Thanks @John Moore for the welcome and will do.

@Dion DePaoli @Daren H.

Plenty of investors here, even one that authored a book Landlording on Autopilot by Mike Butler.

I've read Mike Butler's book Landlording on Auto-Pilot and learned a lot, despite the fact that the book I received had a lot of forms ripped out by the previous owner.

The house: 10 min from downtown Cleveland, near Lake Erie 2600 sq ft. 4 bed/2 bath, located on a street with 1 home rehabbed recently and another in progress, ~10 houses from train tracks (not loud) Already has updated windows, vinyl siding, half of the driveway is new, boiler replaced 3 yrs ago, newer hot water tank, roof ~5 yrs old, has a few cool stained glass windows and cove ceilings on first floor, butler's pantry, all ceilings 9.5', 2 car garage with workshop, solid foundation, finished attic, close to the city and the neighborhood is quiet for being so close to the city.

Daren I forgot to ask why your wife wants the new house??

Stan Butler - see the link in Tim Norris sig area for such a vendor ...

Rudy Butler, 45 days is off the chain, and almost unbelievable.

There was another similar thread on this topic a month or so back, but I wanted to formulate this question a bit differently..I've found:http://quickbooksforinvestors.com/ - A site run by Mike Butler that seems to have lots of videos about using quickbooks, but I haven't figured out how step by step and versatile the instruction is..