Just be warned if you don’t self manage (I.e. put it with a local PM like fireside chalet or Cabins USA or Patriot, or even the national Evolve) You wont make money unless you paid cash.

I started renting it out (self-managed) in October of 2016 after moving in with my wife.We just recently renegotiated a higher rent with our tenant for $2,250/mo starting in October which should bring us up to about a break-even.

My Property manager and one of my tenant had some sour relationship and the tenant complained Dept of public work now I got notice from them See attached imageNow my question is How can I do self evaluation on  my own to counter their charges.If these charges are valid, can I give 30 day notice to tenant to move out (Tenant is on month to month lease) so I can fix the issue, this tenant has also complained few times in past too.Any do and don't in such case

Credit card (or debit) for a self generating paper trail.

I had been able to afford the mortgage interest all this time because I was an hourly self-employed software consultant, not taking taxes out of my income yet.

My grandfather was a self-made millionaire who didn’t finish high school.  

Make your current properties better such that you will have less repairs later or you can defer repairs when times are not good.4) Self manage your properties if you can.

I did this for many months, it was very effective.

I showed @David Krulacvia PM  a property that underwent what I will nickname "the trifecta" - it had been sold by the TCB, then the mortgage foreclosed (on the buyer at TCB), then the school district had the property sold at sheriff sale to cover unpaid school taxes (the lender's lien was no longer in effect because of the mortgage foreclosure sheriff sale, and lender did not cover the school taxes to prevent that sale).

Someone tries to self manage, thing go awry and then they ask BP what to do.