When application was made tenant was I am not going to to have my puppy with me so do not need pet fee or application etc.First month and I find a dog in the house which is 50lb.

Nice idea, but if you can convert it to gas/propane, I would do that.

Fortunately, we didn't lose money on this property but just broke even.

So - somewhere 2 hours away, or somewhere you like to vacation in, or where all your family lives, or where you plan to move someday.Too many people are trying to do exactly what you're doing - pick a market based on a formula - and they end up buying a random 'cheap' property thousands of miles away, turn it over to people they've never met or even spoken to, and then... lose money.  

I'm personally making my exit - I never did assemble a team (it costs money for one, then you need the manpower and time to manage it).

If you like the home, area etc, you could refi and pull out the same amount of money.

What markups do you think they may be hiding from you?

I don't know, is this an impossible deal or is there some way to make this work?

How do you see this coverage increasing as he scales?

Trying to Scale Solo.The Myth of Doing Everything YourselfWhen I first got into real estate, I thought I had to:✅ Find the deals✅ Secure financing✅ Handle renovations✅ Manage tenants✅ Deal with maintenance✅ Track every dollarI figured, “If I want to maximize my profits, I need to do it all myself.”Sound familiar?