It is truly amazing how much time and effort you all give to help out a newbie. 

A couple of caveats; 1) As this is an older property, it would not surprise me if the expense ratio was higher 2) Carrying cost are not included 3) Unless you have done this a few times before, renovation costs tend to inflate 4) Your time / effort is also not included.

The downside is that it is a lot of work and takes time and effort as well as knowledge.Crowdfunding on the other hand is completely passive once you have selected the investment.

I would like for my income to reflect the effort I put in and not continue to have that 9-5.

You are, after all, providing a service in your efforts and can effectively charge a fee for your services under the declaration of a contractor in the form of a Corp or LLC.It gets very convoluted and if not done right, is illegal.

@Johnny Manziel, if it's genuinely a "B+" area, and $67.5k/door is a provable bargain, then you may well land on your feet with this one, though I suspect that being the landlord/manager for the other three units will prove to be a lot more work/expense than you anticipate.Paying a PM would generally cost around 10% gross rent, not 20-25%.

this is our 25th new build... 24 deals from realtors or our own efforts..

But every week there is something that happens that reinforces my focus on my studies, searching redfin, reading books and walking properties in an effort to close my first deal. 

It's rare to see separate meters and I just don't think it's worth the effort/possibility of problems and that one isn't abused.  

I am looking to do my second deal in an effort to continue building my rental portfolio.