You are missing out on an opportunity to train your inherited tenants to pay on time (and potentially extra revenue) by not using an online rental payment option where you can automate your late fee collections.

In all honesty, sounds like the best option here might be to find a way to increase your income so you can live more comfortably.Can you house hack?

the cap rate for single family in san jose is maybe 1-2% ; DSCR is 0.25 ; but with very creative strategy we can make it into 0.8-1.1 but the key is using more tenants per unit, also home that has basement and ADU like me, the unit can be rented and while my dscr is above 1.0 but banks can't use it so we kinda stuck to leverage but this creativity of multiple tenants per single family.i am now trying 40 year IO program from one of the lenders such as yours to quality, also i will try no-ratio DSCR at some point.Seriously, by combining hefty cash position + flip program + rent out to multiple tenants ; and sell it few years later, this is the less riskiest project we can do as landlord/flipper.

Positive landlord references No evictions Cash available for security deposit and first month’s rentNo Pets allowedSublease and sharing, airbnb not allowed,Reusable tenant screening not allowedEvidence of responsible character … i.e. reference letters, follows instructions, no lying, shows up on time, no major criminal record.

House hacking isn't an option for me, unfortunately, so the BRRRR method is what I'm considering. 

Think if there are other options. - I do not think you will hit your $70k target unless you get an assist by appreciation.   

The rental property generates approx $5k of positive cash flow per year.

This will give potential renters a better idea of the layout and feel of the property, even if they are unable to visit in person.Positive reviews: Encourage your current and past tenants to leave positive reviews of your rental property on Zillow.

Hey Kelvin,I think Columbus is a great option to consider.

There's still some affordable options in the area.