You didn't even mention tenants who don't pay rent, evictions, vacancies, HOA violations, the consistent rise in taxes and insurance, bad property managers, and the many other issues that cut into your profit. 

See below for the numbers:Home Market Value: ~525kLoan Balance: ~476kEquity: ~50kMortgage Payment: $2570Rent Price: $2650Property Manager: 10% (potentially 7% w/military discount from a referral I got)Cashflow: $-185/month, $-2,220/yr1st year Equity Payoff from tenant: $11,561It's a 4 bed, 3.5 bath home built in 2011 that only requires some new paint to be rent ready.

Grandiose claims that we initially read on the company website and then had repeated to us by Kirt Bassi, the client relationship manager, over the phone.

Conduct detailed due diligence, manage costs effectively, and be ready for potential challenges posed by high-interest rates and market volatility.

I do sometimes wonder if I may be too naive to invest in real estate because of things like this.You will definitely have to hire a Property Manager because of your inexperience.

Our property manager aims for getting the work-from-homers, traveling nurses, etc vs going after the vacationers and it's doing well to the point of we don't get to use it as much as we would like!

Most stay, they're still below market rents.Our maintenance management system has a ticket that either gets satisfied or generates follow up visits to inquire about the lease anytime they're at the property on other business.

When conducting research on Tucson as an investor from out of state, pay attention to certain industries that are driving job development, local market statistics, property managers' insights, and online investment forums to obtain a deeper understanding than just surface-level facts.

I have found it very difficult to find an effective property manager to manage section 8 tenants.

Any advice from self-managing investors who handle small multi-family will be appreciated!