The fees eat into your income and will only increase as time goes on. 

Now I'm picturing you inviting yourself to your tenants dinner table eating from their plate and telling them to scoot over while tugging on the covers at bedtime in a twin.... all the best. :-)Kudos,Mary 

The notion that she would have been better off just watching daytime TV and eating Bon Bons is infuriating.

That would eat into the $40k cash back out, so you’d get like 35k out but likely have 40k in the deal.

I set out bait stations around the perimeter of the house and haven't caught a mouse inside the house in 2.5 years.Bait stations: https://www.amazon.com/gp/prod...Bait: https://www.amazon.com/gp/prod...Mice eat the bait and die before ever entering the home.

Starting off I will probably be using a HML and my HELOC for a down payment, so there will be interest on everything and I'll be trying to move quickly, but I can afford the monthly payments if it takes longer than anticipated (of course this would eat into any anticipated profits...) 

Have you ever heard, "An appeaser is one who feeds a crocodile hoping it will eat them last." by Winston Churchill?

Obviously I don't have a ton of extra money and sub-par credit, and I would want to be relatively conscious of the part of the city I am because of my need for several vehicles to be safely parked consistently.That's why I was considering commercial deal because I've noticed in some parts of the city the commercial properties are less expensive than SFH in the same neighborhoods.

If he's going to be the one to do all the work himself (which I doubt), the holding costs will eat into your profits.

With condos you have high HOA that when combined with PM fees, eat into your cash flow.