The rule of thumb is 50% of rent will go to expenses NOT including debit service.

And thank you for your service!     

I also own a farming business (www.HealthyHenFarms.com) with my wife and 6 kids where we produce and direct market organic, pasture raised chicken to our customers in the Raleigh area.I've dabbled in real estate off and on for 20 years, mainly turning primary residences into rentals as we have moved across the country (NC, CA, GA, VA) over the years. 

No Land Contracts or Contract for Deeds.I also use a 3rd party payment servicer.  

It is also true, the better the website, the better the response, and there are a plethora of web site gurus out there offering services to those who need them.

Quickbooks, which has a very large, existing base of knowledge and service providers.I have an education in the typical accounting given in business schools (Managerial, Financial, etc.), and plenty of knowledge of Excel (I've written VBA overlays for Excel that counted thousands of code lines).

Also a recommendation for a decent servicing company for small loans would be helpful as the payments are not as big so fee's could eat profits easily. 

Once you're able to communicate with the property owners, the servicer on the note can contact the note holder to see if anything can be worked out. 

I was born and raised in Dallas.

Any suggestions for finding a general contractor or service that offers apartment turn services, preferably in Louisville, KY?