In the interim you are going to be stuck with a home in a stagnant neighborhood that will struggle to absorb operating expenses.

See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350 Insurance = $100 Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100 Association Dues = $25Total PITIA = $1875Rent = $2300 DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR loans can be used for purchases and for cash out refinances.

Of course we can't predict the future but based on everything happening it seems we will have at least as good appreciation as the rest of the country and possibly more than average.

I can pre-authorize an amount and if the expense is below that, the vendor can do the repairs without talking to me live4) Urgent maintenance issues - say a pipe breaks, or tenant is locked out.

For electrical, unless they overloaded circuits and caused the damage, it is up to the landlord to cover the expenses. 

That doesn't include your time and expense to get he property re-rented.

They are also both just over the County line in Yuba County where there are virtually no short-term rental restrictions (we were Airbnb'ing the larger house for a while and averaging $4-5k per month).8911 and 8917 state highway 20 smartsville

I did however put into their lease that if the lawn ever became neglected it would immediately be taken over at their expense by a company of my choosing.

One way to look at that is that the stock market (long term) averages a 7% return.  

We would like to keep the operating revenue and expenses separate from our personal stuff but want to file them along with our personal tax returns.