@Cole Fisher Assuming you're planning to self-manage, I'd include vacancy and maintenance/repair estimates.  

Self study man google it, buy a book on amazon, I personally have heard of the strategies too but dive into some self knowledge about the subject hopefully some more experienced BP members can point you in that direction!

I admit, I have done a few deals without coverage, but I also knew the properties very well, knew the factors associated with the title, knew they were clean without any construction or other matters that could be the basis for any claims, and, I was willing to accept the risk (self insure) my period of ownership.

So after being pre-approved i find my self here.

you will need to post all the numbers to get a good feel for the answer to that question purchase price rents taxes and insurancemaintenancevacancyproperty manage or self manage how are you going to pay cash or a loan repair costs good luck @Ess Dee

.$650 rent - $400 mortgage payment = $250 for cash flow...and taxes, insurance, (are you self managing or is there to be a PM?).  

You will gain a lot of experience managing your self, however, if your situation changes and you need to place the property under management you want to make sure that it will still cash flow.  

Personally, I'm a Self-Storage Guy, so I'd perform a basic feasibility study to see if Self Storage Would work in this market, and if not, then pursue a conversion to the larger units.  

Don't really need to so long as you have proper bookkeeping.Assume they don't put their name on the deposit slip:1) If the tenants paid by check, a lot of banks shows a softcopy on the online system, so you figure out who paid based on the check image.2) If both pay cash AND they are the same amount, the easiest way is to ask the tenant to send a copy of the receipt (using smartphone) to your property manager, who will then forward to you, so you will know.To be honest, once they know that you ask them every single month, they will self-adjust one way or the other.

Are you still self managing?