Also as the tenants pay down your mortgage you can use that equity for other real estate transactions.While hiring a PM is very daunting and we tend to get a bad reputation it is possible to have a positive experience with a PM. 

We live in CA, so cash positive opportunities are generally far from home.  

You are right about the screening though, I did do an online screening that looked good but didn't call her boss to confirm annual salary and there was no old landlord info as she lived with a friend who had gone on business.  

@Brent Coombs, I'm sure what he is looking to do is replace the current mortgage with a HELOC, and then some. i.e. replace his 100k mortgage with a 200k HELOC in first position and pay off the current mortgage. 

I think I can rent each side for around $1,250 each, and after doing some analysis, it looks like it could cash flow positive.

From a position of attracting buyers for the homes surrounding the airport, it certainly does that and helps boost the home prices.

They could do a "subject to" or a "lease option" transaction depending on their personal needs and title position need and how much they trust each other. 

@Shane Jeanfreau if you will be seating on built up equity that you created by repositioning the asset you MAY be able to refinance the property after 6 or 12 months to 70%-75% (or more depending on your lender and the property) of Appraised value.so if you added sufficient value you may be in a position to have no money in the deal.

If I'm launching a new account I'll take a gauge at the competition, yes, but not to see how big they are but to see what wording they are using, how are they positioning themselves in the marketplace, are they using relevant ad copy, are they using the keyword in the path URL, are they even using something so basic as ad extensions.

These two combined will probably eliminate any positive cash flow.