I still lose $1000 a month to taxes, insurance, and utilities, but the $1000 in costs beats the $2000 in rent I was paying, I now use OPM to pay down the mortgage and HELOC payments totaling $2550 a month, and my home has already appreciated $30000.

I know you have to buy equipment, pay employees, pay utilities etc, but a half a million dollars a year to pocket $75K? 

That will allow you to utilize the same property manager, title co, etc and it can be a little more efficient.

The laws are different for mobile homes versus single family.You want to first read your lease, what notice is required, and then secondly know what laws apply depending on the property type.The most commonly utilized Arizona lease by default requires a 30-day notice prior to the renewal date, which is typically on the 1st of the month.

We could scrap half of the laws in place and utilize technology so much better to help customers as an industry (speaking as a direct lender).I’m doing almost all of my company’s closings without external appraisals because it’s taking months to get them back.

@Jason Hudson , property management is still fundamentally the same as most service businesses.Advertising:  Consider Google Ads utilizing keywords that are intended for 'conversions' and not 'education'. 

Seeing that it's SFR I would utilize the Bigger Pockets calculators now that you know all your numbers, even those w/hidden ones, to get your COC return.

This means the rent should be at least 125% of all mortgage, taxes, insurance and any other regular costs (HOA - Garbage - Utilities, etc) Otherwise you do not really make a profit off of the rent.

Are the communal utility charges $200-250 or are you including those for your unit?

In my opinion, it is the best strategy to utilize to get into real estate in a fairly cost effective manner.