They are excellent.  

ACH is freeTakes about 5-7 days for the funds to hit your bank accountExcelI use an excel spreadsheet to track my check register.

I consider a higher quality resident to be one that is excited to live in such an attractive unit, is financially stable, has an excellent payment history, has pride of ownership, and is honest. 

As much as I rather not go through this I guess I have no choice but to because of these tenants.

I get 1 response for every 200-300 letters sent.Also know that in some markets you're just not going to have positive cash flow for the first year or two.Even back in 2012 when prices were really cheap, the rentals I bought didn't cash flow very well for two years.Five years later, excellent cash flow that gets 6-8% better ever year (because of rent raises).

Like Kathy said above, I made my own excel spreadsheet using the schedule E categories so I can give a breakdown directly to my CPA at tax time 

An excellent area to buy/live, but TOUGH!

You will need to get a local, rockstar Realtor, contractor, lender, and property manager. https://www.biggerpockets.com/blog/core-four-real-estate-team As for picking a specific market, I would choose one that has job and population growth with a high median income, and Columbus, Ohio is a great choice.

My and my partner's hospitality (hotel) background and my company's commercial expertise makes us a great choice for small to midsized hotels and motels. 

I will say the countertop is about 10 years old, but was in excellent condition upon move-in.