I spent $400 having some new rails installed and $125 to service the HVAC, that's it.I now have it rented for $800/month.

He no longer has rights to the property (they divorced and he lost it before we came in the picture) but asked if we were interested in using his services for property management.

My main reasoning for the quit claim deed is to have an extra layer of liability protection for assets. 

Also on my days off I own and operate a property management/handyman service.

If there is a main issue, than we get calls and get it done.

After speaking with my family, they mentioned to look in property management service rather than going through a real estate agent.

I saw their Facebook post promoting their quick collaborative mortgage service and decided to try it for a property renovation project.After filling out a form and providing my ID and bank statement, they promised a $41600 mortgage within one day, but required a 3% service fee.

...after you take out the debt service, capex, and vacancy, what are you left with? 

The area is adorable but seems to be only serviced by bus. 

I'm building out my own calculator because I haven't found one that services larger multifamily and MTR well.