On top of that there are extra debt reserve and liquidity requirements.

And hold the bulk of the cash as reserves. 

@Alex Keedy do you have a down payment, savings, and cash reserves?

This is something you can confirm with your accountant.

I know people that manage their own vacation rentals and claim to "net" $6,000 a month but don't account for the 40 hours they spent answering calls, booking reservations, greeting guests, handling maintenance, or whatever else is involved. 40 hours may be an exaggeration, but you get the point.

If you live there it shouldn't be hard to manage, save yourself the 5%-8% a PM costs and put it into reserves.

I didn't confirm it or agree.

That said, I still keep about $10k in reserves per property for emergencies.

In 2017, I made the switched from the Army Reserves to Active Duty and had to move to my new assignment.

We are not a young couple able to house hack (read 2.5 kids, 2 dogs, 20+ years of married family living) but we do have experience in rehabbing, know our area (one of us used to be a real estate agent turned software engineer loves analyzing a deal), and have a bit of cash reserves (not enough to not require financing).