Overall real estate syndicates is not for everyone because you have to realise that you may have very limited control over investment, fees and expenses the syndicate, potential for conflicts of among members.

Getting a flood plain map modified can be both expensive and time consuming.

Based on that math yes, you'd clear a couple hundred dollars after all debts and expenses, not the worst spot to be if you're not necessarily needing the cashflow/trying to live off of it, but instead are focusing on playing the long game. 

And every dollar of expense paid/saved impacts your returns just as much as a dollar more or less in rent.

Don't forget to factor in any shared expenses for the common areas, like maintenance or utilities, to get a more accurate picture.

It helps me track those expenses better and ensures I have the funds when needed.

On the other hand, stainless steel appliances are more expensive, they won't be stained by things like pasta sauce, but they show scratches more easily.I'm trying to make my Section 8 rentals as bulletproof as possible so that I can keep my costs down. 

Helped us pay off the mortgage, now we are paid to live here after paying all expenses like taxes, insurance, utilities,  internet,  etc👍 

All the expenses inside the building are the tenant's responsibility except for the apartment.

Wondering if can/should invest in a rental property here or in FL, where it is less expensive.