I am doing my analysis as if I was to rent out all three units.The three units are fully rented out for $2,750 but believe I can increase this to $2,900.Analysis based on annual numbersRent Revenue = $34,800Principal + Interest = $18,792PMI = $3,312Taxes = $4,300CapEx = $2,784Vacancy = $2,784Property management = $3,480Water + Sewer = $2,400Net Profit = -268Based on my calculation, it may seem like a bad deal.

I'm in your neck of the woods every May for the Berkshire Hathaway Annual Meeting.

I ran my annual free credit report and that's how i saw they were showing up. i'll definitely look into Credit Karma, though.

Annualized = $4320.

It would also be a good idea for you to do semi annual inspections, then you would be able to get to the problem sooner.

that could provide 60k income annually from interest alone. 

I think I would have went for something like $1999, then proceeded to bump rent up on an annual basis until I got to market. 

Truth be told I would love to get in that sweet spot where I realize annual losses after depreciation.My plan here is, and I am confirming my belief with some more marked due diligence, is to get into the park with no money down and to add value by increasing rents slowly and consistently, renting vacant lots, and adding homes and getting them rented. 

So I'm living rent free and now have an additional $65k annual income stream that I wouldn't have had if I had paid down part of my debt instead of investing in real estate.  

I get over to your neck of the woods every May for the Berkshire Hathaway Annual Meeting.