Never mind difficulties with collections or evictions which I understand are incredibly onerous.2) more to the point, about the state and city bonds, the city needs to find money to pay their debts. 

Sounds like you'll be in a pickle when you move if you don't sell it because you'll be feeding the monthly mortgage payments to make up the difference between what you collect in rent and what your mortgage is.

BP is a great resource between podcasts, blog posts and connecting with other wholesalers on here to understand what it takes to get started.

We try to provide as many FREE resources as possible for listeners.

Rent collection is via my bank account.

William, You need to do the full math, as @Peter M. mentioned and did for you, the percent rules are just for quick analysis like he said. the percentage will analysis people usually use to help tell them if they want to run the numbers further on the property because it fits a certain % criteria. that's OK but does not fit every situation, what if you know the area is an up and coming hot spot and even if the % number is off - because the incoming rent is below market and you know that they will be going up - then the percentage rule will tell you to walk away and you would miss out on a property that a full analysis from the beginning would tell you to jump on that property because you would know that the rents were below market and that they are going up. forget the percent rules, learn the area you want to invest in, you will learn what the area does, the rent it gets and how much would be a good amount to purchase for based on the amount of rent you can collect for that property.

Any help or resources would be appreciated. 

Thanks again for the resources and information. 

What I recommend is join your local LL association-very low cost and a great resource plus networking.

It's a numbers game so it's not impossible, you'll just have to shift the numbers & resources to your side.