To give an idea of price, I am considering $500-$600 for the master suite plus like $100 to cover partial utilities. 

Make sure you read up on tenant screening before you rent to anyone.  

It can cover all of your closing fees on the right house.Good Luck

With that said, I have a house off washington, that iv lived in for 3 years now, I am all in for around 1050 a month, my upstairs pays 1100, and for the first few years i had a roommate for 350, which covered heat and cable, so I was happy just living 100% for free, it wasnt worth packing another guy into a room and wrecking my quality of life for an ever 350 a month.

From the tenant screenings to the attention to small details, property management is a tough - but important - job!

@Elijah Tawwad, by "tenant placement" do you mean marketing rental units and finding/screening tenants for the property owners?  

I like utilizing BP podcasts since they cover several different REI strategies.

The rental portion of the duplex will cover my mortgage and upkeep.When I quit my current job I want focus on my small business and also supplement my income by cashing out my 401K and buying another multifamily investment property. 

Thanks Blake and Kyle...I heard back from Cozy and they said their revenue model consists of making money from charging for screening reports, collecting 2.75% from tenants who pay with credit/debit cards and the $2.99 per month per unit for quicker deposits. 

I can cover for him or her during the off hours.