Would appreciate if someone could step in and say where we went wrong or if there is an error with the books answer. 

Some folks have done quite well and others have gone bankrupt.I would do a search here and read all about it as there is a ton of info on arbitrage.

I'd avoid doing it on the first or last week of the month as there isn't enough time to let tenants know and PMs are busy enough (as you know) with people moving in and out. 

With the Wright-Patterson Air Force Base, Dayton Children’s Hospital, and a bunch of universities, there’s a steady demand for rentals.Each city has its perks, so it really depends on whether you're after appreciation or cash flow.

Hi there,I was wondering if anyone has experience with using Baselane for banking for their rental properties and thoughts on it.I will be closing on my first rental property in about a week and would like any helpful input on apps such as TenantCloud, rented, turbotenant, etc.Located in NE Ohio if that is a factor.

There are more requirements that makes for more work and more potential liabilities for you.

In terms of vanilla transactions, they are ok and will close, but there are better, cheaper, faster options out there.  

The house is 107 years old and had a pretty lackluster renovation completed on it, so I knew there were going to be some issues, but also some things I know I can solve with my property maintenance background. 

There is very limited supply of active listings and nothing comparable.

You want someone self-certified to avoid delay from multidepartment review (there's a list of maybe 700 of these architects on the City site).