For this reason, I highly recommend the 2 BR option over the 1 BR.  

Based on your numbers, there would be little to no cash-flow (if held as a long-term rental), especially if you factor in the high interest rates. 

Such a powerful tool when used right.

Hi,I'm looking for a free PM platform that allows distribution of my rent collections by certain percentages, to be distributed to multiple bank accounts.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Do I need to hire an attorney to evict my tenant who, is a single mother with 2 high school kids?

It's definitely not more than 8 hours per month to manage this from a high level. 

You could monitor the power usage for the two units using this device then pass through the correct billing. https://www.amazon.com/gp/prod... 

You can also ask for a 'Seller Credit" which helps cover closing costs or buy the rate down if you come in high enough on the purchase offer.

I would be open to discussing with a high quality tenant who you can communicate well with.