Everyone likes to help each other, and when you leave those meetings/phone calls you will be revitalized and excited!

Taxes are approx $15K, leaving about $31K in free cash flow after taxes and insurance.  

My husband and I may be leaving Idaho for Northern California.

That leaves you a cash flow of $2,320 a month!!!!  

During that time, some tenants may leave but others may stay ... which will balance out how many units you have vacant.5th vacant unit: I would focus on fixing this up and renting it at market rate (1 year contract), while you still have a small amount of income from the other tenants.

Rehab Estimate (vacant or if resident leaves) 14. 

Feel free to shoot me some info and I'll help you take a look at the numbers.If you're getting a loan, they'll pretty much require you have cash reserves to cover the mortgage if your renters all leave at once.

If he proves  he is getting laid off he leaves if he can't prove he is getting laid off then things get awkward and he creates a new excuse to punch out.

But if not, you might leave yourself open to a lawsuit for misrepresenting the investment.From an investment end, if you managed the property and earned that $690/month management fee, you could earn $8,280 per year.  

That leaves me $750 for my loan and cashflow and thats with a good size downpayment.