I know the amount of cashflows isnt always going to be the same but i would if their is a positive, i would like to use the funds to pay back the loanor could i set up a checking account with automatic payment to the 401k loan from the left over cashflow deposited from the leases ?

A repair is an opportunity to check the condition of the property.

Please check your Dms - I can offer you some more information on how to move forward.

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Of course, it'd be good to double check.You might want to check out this VERY LONG thread about how things can go wrong investing out of state. 

Are you keeping each room a single --- just double check zoning you don't max out occupancy or become categorized as a hotel. 

The lease is in the foreman's/VP's name (solid guy, good credit check, etc.). 

@Matt NettlesGood to know; I had not heard of Tim Bratz, I'll have to check it out. 

Keep things simple with one list and check the property thoroughly when tenants move in and out, documenting any issues.

ThanksThe application fee should be used to cover the cost of the background check.