Also looking to spend around $170k(probably less) on the townhouse so i will have a $70k mortgage and they will be paying around $1100/month with roughly $150 HOA. 

., a couple blocks up from McKinley hill area and would be happy to help answer any questions you have about the area.  210k for anything in that area seems pretty steep, there are deals out that way that you don't need to spend that much money on.  

I expect to spend another $3k to clean up the other unit once it's empty.  

And I'm glad you showed ALL the numbers, including the interest spend from the loan, not like on TV.... even though I still watch those shows, LOL. 

I'm sure I'll be spending a lot of time here (hopefully not all of it). 

Don't spend all day on it of course.

My experience with property managers was one that would quickly put the small guy out of business.I spend a considerable amount of time and money staying educated because the tenant/ landlord laws are a land mine for unsuspecting and uninformed small landlords.

I recently got licensed as a real estate agent which I believe will be beneficial not only from the standpoint of the income it can provide but also networking, learning the market, and so on.So far I have been spending a lot of time mainly listening to the podcasts here but I look forward to getting into the forums and the other areas of Bigger Pockets to learn what I can and eventually being another resource for anyone that I can help out.Have a great day!

The end result is, I didn't lose money in a bad situation but a hard lesson: If it is too far for me to want to spend my energy and time on, it isn't for me.

For example, if a house is 100 years old, but with brand new kitchens and baths, then spending more money in the kitchens and baths isn't going to be the best use of your funds.