But account for a couple things. 1) depreciation will offset your income 2) property manager, repairs and vacancy eat up more profit margin than you think.Depreciation to me was the biggest surprise.

I will not eat at a restaurant if the parking lot has a lot of debris as I imagine the kitchen would look the same way.

I recommend you build a strong foundational understanding of how to be a Landlord before it eats your lunch.BiggerPockets has a bookstore that includes a good book on managing rental properties.

Do your best as the Landlord to fix/replace the fridge.You'll also find that when a tenant loses food, it's never four-day-old pizza, three eggs, and 16 cans of Coors Light.

2 units are the same with 2 bedrooms, living room, dining room, kitchen is not eat-in.

Hey Austin, Theres nothing wrong with having multiple eggs in different baskets.

A recent study of thousands of consumers said 60 degrees was about the cut off point for diners being comfortable eating outside on patio etc. of restaurants.For warm belt states this news is not that bad as only cold typically a few months out of the year at best.

Cap Gains can quickly eat away at your profit.If you go in on the property with your buddy, be sure you have a contract the outlines expectations and what happens in various scenarios (i.e. what happens if the market tanks).

These costs can eat away at profits.  

It is a townhome so the HOA does eat a little into my profit margin but I'm still making roughly $300 after all is paid at the beginning of each month.