I don't have a lot of cash laying around and typically have very little left over at the end of each month but am determined to start collecting rental property.  

Tax - 2.6k (6%)Landlord Gas Water Heating - 1.3k (2.9%)Landlord Gas+Oil Heating - 2.8k (6.5%)Landlord Other Utilities - 5.5k (12.6%)Insurance - 1.1k (2.6%)NOI - 11.8kLending costs - 8.6kAs is, cash on cash would be 5.5%Is (eventually) getting 10% cash-on-cash realistic here?  

We do turnkey in Birmingham and we focus solely on B/B+ properties, which typically run from $65k-$120k depending on the property and the locations, average rent of $950, so we know the area well.

Now the even smarter way to househack is to make sure that not only your monthly mortgage payment is paid for by the other tenants monthly rent, but if you find a good enough deal, maybe you might make even more each month even after the mortgage is paid, hopefully cover some utilities.  

I will tell you that I have learned far more with this company than any typical real estate gig or seminar will give you in a short amount of time.

For example, one of my typical whole house rehab budget sheets will be in the 5 to 6 page range, with SKY level detail to follow the rough fixture budgets.

There is nothing the same about buying a home to live in, or an investment property...even if the two are identical...right down the the cost, mortgage, utility bills, all other bills, purchase price and sales price.  

@Daniel PattersonDefinitely check out Frank's book like Roy mentioned, but we typically use Cash-On-Cash Return, Cap Rate, and Cashflow after all expenses, renovations, and debt service.

A virtual ssisstant who usually works for you out of this country and will typically be cheaper and good at what you need and you typically communicate with you by the computer.  

They may still put a time line (typically 60-90 days), for their own protection if you decide to buy that property with another agent.