In addition, to factor in their debt load, I require the rent + monthly debt payments to be no more than 45% of their GROSS monthly income.

They only like to do things ONE WAY and that's it, and it's the way that provides minimal to no risk for the buyer and the seller; seller and buyer close and the agent gets their bag out the deal.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

The amount of ideologically inspired nonsense online is mind-boggling. 

@Will Greenlee there is no perfect PM software, unfortunately.We use one of the most flexible, but it has a long learning curve and we'd still like to see many improvements.

I'm on standby to assist with Property Management, no risk to give us a try!

I have never built a home before and I do not have 'construction' experience aside from renovating my own spaces (so i do have experience- just no formal experience). 

Here there is no high maintenance cost for repairing homes, but your lose some control over the quality of the tenants.

With no experience or funds to get going on this solo (currently a bartender), my thought was to join someone who is already doing it and learn along the way.

That will probably stop the problem.Their lease ends in a month, so there's no need to evict.