I find a lot of new investors often greatly underestimate the numbers, if you can actually get $100 net cashflow after vacancy, maintenance, Capex and all your other costs It may be an option to keep it as a rental, but then with the 40k down payment and 40k invested it could make sense to sell and buy anothet property that's got better cash flow.

This is going to always be a work in progress, as I’m trying to overcome 28 years of living a life thinking I’m the most important person in my life. 2) Put routines and systems in place that keep us on track for our goals, and correct us when we start veering off. 3) For the first time in my life Scripture study and prayer is a habit.4) Spent more time with family in the last 10 months than I probably have in the last 10 years combined. 5) Grew our rental portfolio from 1 property to now 8 properties.

$0 for vacancy, maintenance and management fees.

@Daniel Walton, my concern with your numbers is you do not have any turn over costs, vacancy, repairs and maintenance, or Capex reserves accounted for.  

Hey @Matt Parker, I'm not sure if you have seen the inside of the units yet but there could be a lot of deferred maintenance. 

Is your $868 cash flow if you were to rent the home including mortgage, insurance, taxes, and repairs/maintenance costs?

Having less income means deferring some maintenance, cutting services and making sure that the rent increases are proactively put into place to cover some of these unanticipated circumstances.I was thinking of waiving one months rent(it's only 925) and possibly putting them on a payment plan if they need it.

Biggest challenge is the time it may take to obtain a satisfactory bid – and requests for multiple bids only increase this delay.Another challenge is agreeing on what maintenance issues should be addressed.It’s not as easy as everyone thinks to find dependable, yet affordable contractors.

They only look at their back of the napkin calculations of what they pay a PMC, assuming it's 100% profit, because they NEVER consider what expenses a PMC has.Since you like to crunch numbers, why don't you calculate how much it would cost for YOU to hire people to do the following:Inspect a property to make sure it's ready to marketTake marketing picsPublish and refresh for rent adsTake all the phone calls from adsSchedule showingsChase applications, process & screenGet deposits and sign leasesCollect rents, chase delinquencies & evictionsHandle maintenance requests, which are never handled fast enough for tenants, or cheap enough for ownersChase tenants for lease renewalsCoordinate MoveOuts, damage charges against security depositsGet RentReady bids to owner's satisfactionFollow up with maintenance to make sure done on time and done rightStart the cycle all over againProvide accounting services for all of the above, including owner reports and payments, annual 1099's, etc.Don't forget to factor in payroll taxes, employee benefits, company office space cost, company insurance, equipment, phones, etc.Once you do all that, you'll quickly find that PMC's are NOT making more than owners.FYI - this is why investors should always factor in 10% PMC Fees, 10% Vacancy and 10% Maintenance when running numbers on a potential rental purchase.

Depending on the condition of things, and the tenants you install, that $70/month in maintenance may not even cover the turnover costs, which for me on a light turnover, can still be $1500.