Sold a couple along the way to get rid of some properties that were not ideal for my rental goals which is very low time management of tenants while self managing all the properties, no property managers, that eats into money you can use to pay down the debt.

If I went the vacation rental route I would then have to take on a property management company which would eat into my profit, but could be worth it depending on how much of a return I get.

Studying how to run a buisness for about 4 years now and have been applying it the last two years doing real estate full time this has been the most educating time of my entire life because if i don't produce results i don't eat.

Personally I think I would just eat that one for a good tenant the first time.

I eat the cost of the other one. 

Taxes, insurance, city nuisance violations, minimal maintenance (roof patches, door boarding, etc.) can eat you alive.    

That will eat up your 10% projected profit. 

In small towns, you are not as likely to be able to get away with rent increases, but in bigger cities with rapidly rising costs, if anyone thinks landlords are eating the costs of rising expenses and providing rent cheaper than their expenses, think again.

Im so upset Im shaking and have not been able to eat anything today.  

With the mortgage you will have debt service and those additional holding costs will eat into your profit.