I know on-going maintenance like landscaping is something to consider in costs too (do it myself, pass off to renter, etc).I figured this would be a great opportunity to learn the ropes and learn what I don't know with minimal investment up front (~65k).

I would like to use an electronic service to collect rent from my tenants, who are (so far) banked and fairly competent computer users. 

Most of the time you can get the info on cd, electronically or sometimes on paper (but who wants that anymore).

's SharkTank event a couple of weeks ago was a Landscaper who did Snow Plowing in the winter.  

Piled up newspapers, deferred landscaping and maintenance, yard signs, notices on the front door or windows of the home, windows without drapes or blinds, etc.

So, consider that with your data storage where that is paper or electronic.

Credit card companies also have the ability to directly deposit money to your bank account electronically rather than having to write/deposit a check as well.

No inside furniture should be used outsideNo mortifications should be made to the building or landscaping without managements approval.

.* Landscaping (if applicable)

Using your numbers, adding in property management at 10% of EGI brings your monthly cash flow to around $150.What about landscaping?