Make sure to factor in 5-10% vacancy, taxes, insurance, mortgage, repairs & maintenance, lawn care, pest control, management fees, utility costs (goes in your name when vacant), turnover costs, and capex reserves. 

@Stuart Udis multiple charges including water, sewer and storm water.I have charged separately in the past then they grumble when one uses lots of water gardening or whatever.Have a vacancy coming up which is rare and an opportunity to improve the place wherever needed.

  -  All of the homes/properties have been renovated and have been in service for a number of years (meaning we have a strong history as successful  property owners/investors)-  All of the homes are higher-end rentals in very good neighborhoods -  All but 4 homes are completely paid off  with no mortgage overhead or LOC debt-  All homes have a very consistent rental history with very low vacancy-  All homes are turning a profit and our pre-door numbers are very goodBecause the homes are almost completely paid off, we have a good deal of equity in just sitting around. 

Come even the slightest ripple (an increase in property insurance, an unexpected repair, etc.) and suddenly you're drowning in a sea of negative cash flow.Also, are you including both professional property management and vacancy in your operating expenses?

Then I found out they generally charge a fee to fill a vacancy.

If you didn’t factor in some amount for repairs and vacancy and CapEx when you vetted your property I hope you will do so with the next one.

If you do your due diligence, it can be a great investment and help reduce vacancy.

If a tenant leaves I know I will be hit with leasing fees, TI's and vacancy. 

This will impact you financially, because you will have more vacancy and each vacancy will cost you more money to get it rent ready again.And on the maintenance side, GE appliances or your local plumber don't care what you are collecting in rent.  

I worry about the vacancy rate with an airbnb versus the steady income of a signed lease Pueblo specifically.