Tracking hours would be kind of a pain as we tend to do a lot of partial-hour type of work like a quick phone convo or texting back and forth with a buyer client, researching properties, talking to listing agents and lenders, scheduling showings, previewing properties, travel time, etc.

Furthermore if they are always paying they probably will stiff you in the end if they know they aren't going to get the deposit back. 

Last year was back to earth; a glut of available properties drove the rates down for everyone and a drop in visitors also increased vacancies.

When you get a call from mulitple tenants that the toilet is clogged and you have to unclog it, try getting your money back.

And "cheap" is a thing most seen and realized looking back.

She already backed out and she admitted she has no right.

I don't anticipate things to be that bad this time, but the value dropped over 25% back then and we are unsustainable at the point of the affordability cycle we are at now.You basically will be buying a monthly debt, speculating the value of the property is eventually going to go higher than you bought it for.

We plan to come back live in it the other 6 months, fix it up more, repeat that process until we can find another deal that makes sense for us. 

In the meantime feel free to check out a post I did a while back about Cost Segregation - The Basics (biggerpockets.com)

Want to repeat what @Mike Terry said for the people in the back.