Also, you have to make sure you have the reserves in the IRA to cover much of the expenses.

I'm currently looking into house hacking combined with rehab using a loan like Homestyle that will also cover rehab costs.

When I bought it someone had hit a brick wall with a truck and the resulting hole was covered by plywood. 

And your preaching to the choir If I never have to talk to another tenant or PM in my life I will be a happy camper brain drain to me is not worth being in that business.. but that's just me and I know this site is heavy to landlords I understand that.

I’m sure this has been covered before.

Take them to court for any additional costs not covered by the deposit and for the lease break if you are owed money. 

The rental has tremendous equity (as was our primary prior to being a rental) though if I pull it all out, the rent income from that property alone would not cover.

I know there isn’t a cookie cutter way of putting together these deals, but looking to cover some of the steps and how they should be approached.  

Do you really think $31.25 per unit/month is going to cover that?  

The 15 to 20 percent of the purchase the lender isn't covering.