I do have several remote pros here on BP I'd recommend

Hi @Greg Deane,There are several risks, but if you're able to find a well run community, it's gold. 

@Bob McGhee I agree whole heartedly...had several sellers who wanted large amounts and a few months following some were in foreclosure or short sale...

I have read several forums and books on the subject, however I am a little apprehensive  about getting started with little money invested.

The renter has paid late several times, and is now completely ignoring his phone call. 

Several third-party software developers make such add-on/plug-in packages for Excel.EDIT: Be wary of any potential analyst doing this without using some type of Monte Carlo simulation or similar technique.

I bought them with the plan to hold for several years.

So, I am based out of Northern Virginia and property around here is expensive and positive cash flow is definitely a challenge, unless it's done right.Looked at this article, very very helpful: https://www.biggerpockets.com/blogs/10145/68178-to...But have several questions 1- For local investment, since VA is big, can other parts of VA a good option for a rental, especially ones which have a college/university?

She bought the home several years ago under a traditional mortgage, but pays a ridiculously high mortgage every month compared to how much the house rents for.Put in a simple matter, she's fed up with the situation and has my immediate family (We live in the same town as the property, while she's living far) managing the house.

You will want to look at several years of financials to understand what is going on.