Especially since this is not in the best neighborhood you are probably looking at higher than expected costs due to turn over.Also if you go down this road charge High Security Deposit cover your back side because you will be using those funds to make ready the unit when they move out in most cases.

I’m renting 1 room out for $950/month, condo is currently cash flow negative by ~$400/month but I don’t mind because a stipulation to my loan (VA Loan) was that I needed to live in it for one year, I’m currently paying $1650 to cover the rest but a 1 bedroom rental in this zip would be upwards of $1,800 + utilities) Currently working 3 jobs and running a small online business to save as much as possible to make my next move.

If I've been saving to re-invest and after paying down the principal still have enough to cover maintenance, vacancy, etc. over the next year, this strategy should allow me keep more money than using that chunk to buy tax-liens at 12% locally, then of course need to pay taxes on my gains. ($3,346.07x.12=401.52, 401.52x.78=313.19)To dig a little deeper.. here is another question for you. 

We use this electrician all the time, so I tend to believe him, although he could be trying to cover his posterior.

If they just paid the normal amount, it would not be enough to cover the rent and I have grounds to evict for non-payment of rent. 

It covers small business, rental properties, personal accounts, investment accounts and other items very easily.

You should work it in to your rent that you cover routine repairs and maintenance. 

Dirt and mold covering the walls and blinds in every room.

I do not think i can raise the rents (maybe 25 per door)But that still wont cover it.ThanksNick

@Jesse James WatsonI ask, Would you let me catch up your payments and cover them for you?