With BRRRR, there are so many things that can go wrong as you rightly pointed out.

It can be rented for around $1,500.I also know that the owner is 70 years old guy, who tried to rent it out a long time ago, but it didn't go well because he found wrong tenants. 

@Derek Daun, I don't believe PenFed's program would fit as you have too many properties, but I could be wrong.

Nothing wrong with "the bones".

It is a great goal, but you are leaving a tremendous amount to chance for a small amount of income - things always go wrong and you need to be experienced to anticipate them and roll with the punches.I do wish you the best in your investing!

All I would need to do to join again (hypothetically if anything went wrong ) and receive the same hourly rate I was making prior would be to pay my union dues that I was not paying while I was not working for the union.

If you think you can get your difficult tenant to work with you on selling your rental, you will be wrong almost 100% of the time. 

If you are chasing tenants for rent you are doing it all wrong.

Having no tenant is better than the wrong tenant.

I'm not too keen on those types...don't get me wrong.