I've done it and it's worked well about half the time, but it really depends on a lot of resource issues (family/friends, car, ability to get storage, physical ability to move, etc.)I'd say your numbers for costs for evicting and lost income are about right, but I disagree that you have to automatically sign up for 2 1/2 months lost rent and concessions.

I think always max 401K as it's a pretax contribution so automatically you are getting a 28% (assuming that's your tax bracket) return on those funds.

However, "affording" an investment property should be automatic. 

While I am working on the house, I list the property on zillow that automatically puts the listing six other sites.

I use Venmo for my tenants to pay me, but it isn't automatically deposited from their account.PM is going to take $1,250 up front from you, then another $125/month.

We take care of this automatically for all of our clients (property owners).

I assume the tenants automatically fall under the month-to-month lease agreement????.

In NJ a lease ending does not end a tenancy, it goes automatically MtM.

Get this going and build your business tax return and they will automatically give you loan.

The tenants are responsible for paying rent, but once rent is paid it automatically goes into your account after a couple days.