The best part about Reno / Tahoe Nevada are it's landlord friendly, Real estate taxes don’t reassess on the sale, insurance is low and we continue to have increased in migration, jobs (no state income tax) and our own land constraint issues which prevent the market from getting overbuilt. 

-always plan for unexpected expenses-attention to detail can emensly increase ARV.

Yes they aren't cheap, but if they can increase revenue enough to make up/exceed their fees by increasing occupancy and making you feel comfortable because they are there to ensure things run smoothly..then it sounds like a win to me!

My saving grace, is that mostly everything is pretty new, so hopefully no big problems coming my way...A part of me is inclined to refinance now, which would increase my rental income to $2,300 from the current $650 (I do have access to 20K for emergencies, a credit card).

If it was me, I wouldn't touch it given the area and the type of tenant it is likely to attract.

In an effort to further increase the energy efficiency of the property, I had 12 solar panels and a new roof installed.

Try to buy properties near our attractions here.

I do understand I went from the top tier tenant that will pay the most for the perfect setup down to the unit that can be paid for with section 8 and will attract a lessor tenant or someone single / new young family / retired / disabled / fixed income etc.Here's the deal figures With closing paid , seller counters 10k above my offer, 6% VA loan, no points Does the property lacking those features make it a deal breaker ?

A far more successful method would be to increase earnings, reduce spending, and save up.

We fixed it up, increased rents, and now make around $500/mo.