For 43% debt to income ratio, you would need to earn at least (2774/.43) which is $6451/mo in gross income, which is $77,414/year.

I would think a person would kind'a care a bit on if that money is gonna earn a trip to club-fed, or a time share in Cancun, the difference is in the details.

I also agree that not being a slumlord and having good PM are key ingredients in not being sued regardless of the way you go with it.  

@Forrest Holden perhaps it would make more sense to make sure you FULLY understand what each PMC you interview ACTUALLY does to earn their tenant Placement Fee.We do a lot more than at least 50% of our competition to earn our fee.For $300 no PMC is going to put your property on the MLS to get itmax exposure with other agents.Also, with the rental market finally slowing down, how wise is it to go with the cheapest company instead of the best?

You can click on the ‘vote’ button if you like someone's post or is helpful, and there are ‘awards’ to earn on your profile.

In fact, you're probably the type of client who's going to earn them an hourly rage far below minimum wage.

That is a critical - and often difficult to achieve - ingredient in your plan, and one that has only become more challenging with changes in the labor markets the last couple of years.

You can click on the "vote" button if you like someone's post or is helpful, and there are "awards" to earn on your profile.

My significant other is an chauffeur and our schedules clash besides honestly sitting at a  office job where I am not earning alot bugs the heck out of him.

The most important ingredient in real estate investing is TIME!