That is in effect what you are doing when you allocate $0 for PM.Your maintenance/cap ex is far too low for 2 units (~4x low) if trying t allocate sustaining costs.  

Purchase price $475k for ~$120k/year income.  

Even the best property managers have to deal with many units because it is a low margin business, they need to scale to make it a viable business so you can’t expect them to be perfect or to get everything right.

No income tax, no property tax... 

Hey @Scott Green,From a tax perspective, keeping your mortgage might still work in your favor since the interest is deductible against your rental income, lowering your taxable income.

Often, yes — especially if 2025 is a high-income year and you want a chunky deduction right now.

If you are just getting started and don't have much cash or income, you'll likely need to find deals where you don't leave much (or any) money in the deal and it needs some cash flow.

Quote from @Santos Lopez: I heard that there's a way to deduct short term rental losses against earned income (e.g.

You are likely looking at a home in the 32254, 32208, 32206 or 32209 zip codes if you are talking about lower income homes. 

Because the Property Class dictates the Class of the tenant pool that the property will attract.The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Class and Tenant Class will affect what type of contractors, handymen and property management companies you should target and be willing to deal with a property.The Property Class will also impact the maintenance & renovations you do to, “Maintain to the Neighborhood”.Why is that important?