Carmen Falcone start with doing the PM yourself so that you get a good appreciation for it, but include the PM numbers in your budget so that you can always elect to have one in the future.

Or does this include insurance and taxes for the year.

I've been an accredited investor for many years now, and invested in many deals, including some angel investments in startup companies.  

From the Landlord association, I've heard that if this passes for Independence, other cities around Kansas City including Blue Springs and Lee's Summit would be soon to follow...

However it will not include their off market deals of which most top agents have some.

Make sure you take into account all of the perks that come with a job; Paychecks, benefits, health insurance, access to printers, office supplies, etc. 

You hint 'I wouldn't live there' -- GREAT RULE for success IMO -- I use that rule of thumb for everything I did with REI, including the maintenance. 

There are a lot of great resources here including the podcasts and I believe there are a few free books as well (including the Bigger Pockets Ultimate Beginner's Guide).

Still including the rental price of the 3 units as if they were all rented. 2 for $700 and 1 for $1250 a month.  

My previous experience includes working with Citibank and interning with NAI commercial real estate services in San Francisco.