Instead of finding another roommate, my girlfriend moved in with me and I decided to eat the costs to keep my business balanced (about $1000/mo out of pocket vs ~$200 when I had a roommate). 

Like what if I decide I want to take the local property manager out to eat and discuss business at a meeting.

After analyzing numerous pitman properties, I'm finding that the high taxes really eat up cash flow. 

The world of real estate was so vast and full of piranha that it seemed like eating an elephant the size of a planet.

This leaves 47 hours to eat, sleep, etc...or, less than 7 hours a day.Like I said above, I can do it, but that's because I analyze markets instead of just properties. 

I assume you're looking at buy and hold, so you have to think about what non-cosmetic things will be coming up down the road that will eat into your profit, or in the case of the current numbers, put you deep into the red.

Stay in a hotel in the area and eat at local restaurants.

We don’t necessarily want them to reduce it $25K as that’s eats into cash for another deal.Appreciate any additional input.

@Kate Zhang The challenge with rentals is that there are always unexpected events that can eat away at your expected cash flow, unless you have a large multi-unit building with lots of contingencies for this. 

It's only a stepping stone to break free.While you are slaving, eat ramen, room mate up or live in trailer, avoid Starbucks and tuck every dollar you can squeeze out into a bank account. need 20% down and money for materials. so for 80K home (trashed), you will want 35K banked to get started, just a rough idea.Get a pro account on this site so you can access the PRO only blogs and avoid all the goofy stuff that can confuse you sometimes.Take NO advice from salesmen such as realtors/brokers.