@Mason Osborne I would say that is pretty solid after accounting for all those expenses.

We also work with a very large number of clients on the management side and while a solid 90% own in an LLC very few have more than 1 LLC, even when having 20,50+ homes.  

If you have solid strategies for generating your own leads and can weather the ramp up time it opens up more windows of opportunity. 

Proving they clogged the drain will be challenging unless your plumber has clear evidence (e.g. pulled wet wipes out of the line). as for their damage, if you require them to have renters insurance that should be available to cover the damage. lastly, code is something that is different from one municipality to another and may things can be not up to code but grandfathered in (e.g. aluminum wiring that was common in the 60s and now is not up to code) 

Evidently it was on paper from her parents.

We were not looking for a bidding war, just one solid offer, and we got it!

We were not looking for a bidding war, just one solid offer, and we got it!

If it’s bank financed, give yourself a solid 3 months.

Should I just stop researching so much and take the leap into a solid property?

I think the appreciation play is solid over time but proximity is hard to pass up for rental demand.