I'll definitely check that out

For $2,000 which was loaned to me from a friend for 90 days for $200, I gave an attorney a cashier's check as a down payment.

When I was ready to buy my first property I made a flow chart of everything that needed to happen from selecting a market right through collecting my first rent check. 

Hire a property manager that properly screens tenants and checks up on the property for you.

I’ll check them out 

Also you need to figure out how you intend to cover inevitable property damage done by guests but there are plenty of solutions for that in the marketplace where guests pay a flat fee per reservation in lieu of a deposit and you get covered for an assortment of potential issues (bad checks, credit card chargebacks, fraud, personal property damage, etc.)  

Important emails unfortunately go to my spam folder frequently, so I have to check it regularly. 

Quote from @Jason Weng: Check out RentWorx.

Just checking my math.This is obviously after all expense , depreciation, cost set, property tax write offs, 20% etc.my question is are my assumptions correct? 

Do not give them anything until they are out and you've checked on the place.