I would also add some motion sensor lights to help discourage people from trying to break in / make them re-think breaking in. 

Depending on the market and your monthly PITI, you can still break even or even cash flow. 

You need two years of experience under a Broker before you can break out on your own.

Here’s how it breaks down:- Normal Depreciation Recapture: Recapture is taxed at a maximum rate of 25%, regardless of REPS status, plus any applicable state tax.

Actively marketing the property and handling tenant relationsCost Segregation: allows you to accelerate depreciation by breaking down the property into different components, such as personal property (appliances, carpeting, etc.) and land improvements (landscaping, parking lots, etc.), which can be depreciated over a shorter period typically 5, 7, or 15 years rather than 27.5.

I didn't get into investing to break even or lose money... 

@Shaylynn O'Learyfor a hold, you want it to be at least break even. 

Let the professionals do this properly to not have to worry about breaking your title insurance, or at least ask your closing agent if a Quit Claim deed will void your owners title. this could be different in each state. #5.

I think you will probably need 4-5 bedroom to make it work close to break even and you may even need to rent out your bedroom occasionally when the opportunity presents itself. 

If you've been reading books and listening to podcasts, adding in-person real estate investor meetups is usually the special sauce to break the paralysis.