I'm aware that if the tenant remains, legal action will be necessary.

Add tax return preparation fees, bookkeeping expenses, bank fees, potential legal fees, and the major expense of replacing a major item, such as AC or water heater.   

Congratulations on your recent investment.Moving new residents is a perfect opportunity to form rapport and set the stage for how your landlord/tenant relationship will proceed.We love to meet them at the property on or before move-in day to go over a couple critical items:We walk the home together and address any existing cosmetic issues and any open maintenance items.

Looking forward to meeting and interacting with the community! 

@Angel Ramosdon't 'look for' a mentorjust go to REIA meetings - network, make friendsgood luck

Start asking your friends/family/people you meet at networking if they know anyone renting a room (or apartment) and ask them how much they pay each month and or what they would be willing to pay for a room. 

5) Consider meeting with a few agents in your area even if you are just getting started!

.), security cameras, track remote employees (they will steal the cash), cost to install pumps, license fees, hard equipment needed- registers, apps to run the register information, accounting, legal, cases for merchandise, shelves, door hardware, heater or HVAC depending on location...This is a tiny community there won't be a local plumber and electrician... add some cost for time to contact your team and travel will make any repairs more expensive.

@Jonathan Tavarez I just had a meeting with a rep from bay management for my new property in the city. 

Meeting the reserve is a good sign that your offer may be accepted, but most auctions on that site are sold "subject to" seller approval.