Making a career switch while also moving to a new city could mean no income for a while so if I were you, I would make sure that I was 100% debt free (no CC debt, no car payment) and that I had significant reserves in the bank to cover my living expenses for at least 3-6 months. 

@Brian C.  

I actually use 10% of the gross rents whatever that number is.Instead take that $3000 at the beginning of the lease and put into Crowdfunding account for 11-12 months @ 7-8%.If a capex item or repairs comes up in inside the lease term, use a 1% cash back credit card to pay for the repair, and use cash flow to pay down the CC until the Crowdfunding contract matures, usually 11-12 months if you can find one like PeerStreet is what I use (1K mins).Now this assumes you have the full maintenance reserve set aside up front and that your cash flow can handle the $250 or 10% a month reserve to begin with, but I always factor that in.Basically I'm leveraging my maintenance reserve for short term private funding and not letting it sit in a checking or savings account at .05%.  

Starting with the CC.

Also know I have about $5000-$7000 available on CC if absolutely needed.NPN 1st positionDQ over 10 years with matching DQ taxes (found on county website)Home Value $39,900 / Note $60,900 / Price $600DQ Taxes $23,000 as of 2015I seriously doubt a 10 year DQ note can made to perform again with the same homeowner.

I've found that my tenants appreciate it as it gives them less to think about (similar to putting your CC on auto-pay).

I want to get a jump on the community college real estate license course I'll be starting next month, any online resources you recommend?

Thank you.

See the below analysis;PP - 210k, DP - 42k, CC - $2500, Apprailsal - $500, Rehab - 15k, ARV - 250k Rent UP - $1250, Rent Down - $850, Garage - $300 (blended for 6mth lease) = $28800 - $2500 (2 months for loss of upstairs reno)  = $26300/yearExpenses - VAC - $170, Util - $220, Ins - $200, Prop Tx - $150, Repair - $200, Tenant Gifts - $25 = $11580/year + Mortgage ($706.61/mth) $8480/year = 20020CF              = $6280PA (3%)     = $7500PR              = $3520AA                = $25000Total            = $42300 ROI = $42300/$60000 = 71%Were hoping to have a $1250 upstairs rent for the new tenant and have them pay 60% of the utilities.

For instance, your CC's will be different in each town (taxes are usually paid upfront for a period of time), and could be significantly different (as well as the month you close in).  

Our lease holds all accountable jointly and severally, so until its a breach situation, CC everybody with clarification of what will happen if the rent is not paid, then leave it at that.I also schedule an inspection of the property.Holes "magically" appear in the wall when angry people live together, and cleaning/trash removal can become a game of who can ignore more.