Neither of them ever had projected negative cash flow close to these amounts using conservative expense numbers.Some act like cash flow is guaranteed, but at the Great Recession there was many markets that had large decreases to revenue (lower rent and/or higher vacancy rates).  

Conserve your cash.   

Eventually you'll have 1 million and that amount invested very conservatively yields 3-5% and $2500-$4000 a month.  

Quote from @Justin Fox: You can make ~$200/month for every $43,636.36 - $55,813.95 in a HYSA right now.Or make $375/month with $50,000 at 9% in a first trust deed with a conservative LTV.  

My tenants pay for their own utilities, and I own homes in Memphis, TN, but I was wondering if this was a solid strategy for tax benefits and energy conservation or to see if anyone else does this for their rentals. 

One can make the argument that It is too conservative. 

I've added the breakdown to this post and attempted to use conservative numbers. 

Some areas have conservation easements , you may cut a deal with the local government where if you put a restriction on the property to let it go natural they may pay you . 

Was very conservative on applicant selection. 

I Understand its in the extended stay segment, but id be a little more conservative there. maybe 35%.