On top of that you've got many other things that are variable in nature such as maintenance, vacancy, non payment of rent & utility bills. 

And make sure to account for the following expenses:1) Mortgage2) Mortgage insurance (PMI or MIP) or FHA Risk base3) Property Taxes4) City Taxes5) HOA (Home Owner’s Association) Dues and Fees and Assessments6) Insurance   a) Property Hazard Insurance (0.3-0.45%)   b) Flood Insurance   c) Earthquake Insurance   d) Umbrella Insurance7) Vacancy Rate (usually 8% - the equivalent to one month a year, or 5-6% if multifamily and/or if experienced, if not use 8%)8) Utilities (you’ll have these if your tenant is not covering them and/or during vacancy)   a) Water § Sewer § Garbage   b) Electricity   c) Natural Gas   d) Propane9) General Maintenance (usually 5%)   a) Upkeep § Landscaping   b) Snow removal   c) Repairs   d) New Appliances   e) Make ready10) Capital Expenditures (usually 5%, higher is the property is old and obsolete, less if fully rehabbed and all mechanicals and roof are new)11) Property Management (8%, even if you self manage, your time still has value and there might be a time when you'll want to be completely hands off or you'll not be able to do it, vacation, retirement, etc.), including...  

Beautiful

It's an historic neighborhood originally constructed of primarily SFHs right in the center of a metro area in a beautifully maintained neighborhood.

It doesn't cost you anything to use it so just leave it sitting until it terminates naturally.

Orting is beautiful and growing.

It's a beautiful day out and the golf course is calling my name. 

HiI live in the most beautiful city in the world.I'm a newbie, but not quite a complete novice.

My boyfriend has had a stable income the last 6 months, however because of the nature of my job, (I get jobs from different companies 2/3 months at a time), it doesn't look great on paper.

This property is next to Ross Park which is a beautiful area, and it is near the university so that would make it easier to rent out.