As Jaron stated you will need to plan for the unexpected, such as vacancies and repairs.

Any suggestions on a VOIP phone service?

You could ask your accountant about options for bonus depreciation or possibly updating the properties in order to receive depreciation deductions or write-offs for repairs, maintenance, etc. 

However, they typically have great training programs and a strong support system.I can refer her to my Home services of America network if she is interested.

Trustee service is unaware and the crier cries the sale only to have your funds returned. 2. late reinstatement  person losing it reinstates the loan late the day before or early in the morning same thing trustee service does not have notification and sale goes on only to be cancelled.3. pre foreclosure buyer like me snags it the day before or morning before IE I reinstate the loan and file my dded.. sale cancelled. 4.

The 1099 is issued to you and the IRS to make sure that you are reporting rental income on your tax return.I would use the annual property management statement to report the income and expenses per property.The property management statement will likely include property management fees charged to you and repairs made on your behalf.

Also:Prepare and obtain signed and notarized estoppel letters from every tenant attesting to: lease start and end dates, rent payment amount, security deposit paid, any verbal agreements made with landlord, any maintenance/repairs requested but not yet addressed by landlord, etc.Why?

On paper SFH#1 was supposed to cash flow but I've been losing money - it seems to have stabilized now and no more repairs called in by tenant (so far).

Good morning Joseph, Thank you for that information, I will speak to one of the guys I use for repairs and make sure he's good with being added to the forms. 

Ended up getting price reduces and seller credits in order to conduct some repairs.