Hello I am trying to buy two rental properties in Baton Rouge area(currently living in DFW area) end of this year and this whole process is going to be little bit challenging and nerve-wrecking. 

It is sad to see another example of someone getting over-leveraged into a liability they cannot afford - like watching a car wreck before it happens. 

Lots of investors have been wrecked this way.

Of course, the catch is that everyone always thinks that they are an above average investor, just as everyone thinks that they are an above average driver, even though this is a statistical impossibility ... but the wrecks involved in thinking you are an above average investor when you are not are far more catastrophic than they are with driving ... 

I agree, I see the train wreck coming.

So, if you need every last dime back that you put in, then this strategy will make you a nervous wreck. 

It was 5 years ago, I was just starting out as a wholesaler (30 days of learning the business), I'm sure I sounded like a nervous wreck trying to set up the deal in the first place.

OTOH, you're not going to be evicted or wreck the place.The 50% rule is a simple rule of thumb for estimating vacancy, expenses and capital.  

The solutions that are applicable for this are costly, but the problems of having hourly workers without air-tight reporting systems are legion and far more expensive than you might think.Understand beyond a shadow of a doubt that putting someone in a position of control over your employees, materials, or process flow is giving away a position that could financially wreck you.

The place was just wrecked.