A 200K loan will have payments around $1000 (Principle Interest). 

If possible you take credit for projects in lieu of actually paying any fees...the objective being to keep the improvement district 'broke' otherwise they have a habit of deciding the money for a traffic signal should instead pay for a new park space.

Tenant pays down principle for you, properties appreciate, tax benefits, etc.

I have seen TONS of veterans get wealthy through real estate following that principle with basically never investing a dollar into the deal.

Sure, we could have got a maid service to do the turnover but then it would be economically viable for us, so we just rented the unit and that made a lot of sense to us.Classic Real Estate Investing principle: it's all about location, what works in location A may not necessarily work in location B. 

What are some of the Top Principles an Out Of State Investor would say to develop?

I do think your maintenance expense is low, unless you're not including CAPEX, in which case you need a separate category for that.As has been alluded to above this comment, this is not just a market where you can throw dumb money at an object and just wait for the money to roll in.

Multiply that by 25 years (conservative because you do NOT draw on principle in RE, like you do in stocks) yields a normalized value of 300K. 

Multiply that by 25 years (conservative because you do NOT draw on principle in RE, like you do in stocks) yields a normalized value of 300K. 

I all familiar with landlord intimation law (Missouri doesn't have a retaliation law )and I'm not trying to do that but wanting her to leave when I don't even want any rent is the objective.