I don't see repairs and cap-ex in your report and that would kill all of your cashflow.The ROI number is prefrence but you have to look at what else you can do like the stock market on average has made 8% which is less work than rentals so if you can't get better than that you could just put it in the stock market.That being said Portland is a hot market, although tapering off, but still hard to find a good deal. 

I am worried that without signed lease it would be hard to evict them if things go sour (state Florida)Thank you!

@Joel Arndt Entering a new market is always going to be time consuming, hard work and carry inherent risk.

I don't know how you can get a realistic answer with no hard numbers. 

Honest contractors are hard to find.

The basis for my question is that I am finding it really hard to get hired as a property manager in NY (even for free) because of my lack of experience.However, I am able to become a real estate broker - at a great company.

Not looking for hard money, just a regular mortgage from a local bank.

Now the hard part, figuring out if i want to use that to snipe a great deal on our first property, attempt multiple properties at once, or save more and attempt to stay local in SoCal.

What I don't like is it's hard to identify optimal investment pockets.Dayton, OHPrice to rent seems lower than Kansas City.

If your financial situation changes between now and the refi then you will have a hard time getting your money back.