CAPEX can be minimized by purchasing the right property, frontloading fixes, and having a reserve fund- all of which you would have with an LTR as well. 

Right now, I have 100k to invest, 17k in reserves, 40k in retirement and I can realistically save 30k a year in my current position (60k/yr when I am promoted in a year or two)Back to the discussion topic.

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

How much reserve capital do you have liquid, at all?     

Tenants and investors in general don’t care for their buildings as much/well as residential owners  (who fights reserve increases and special assessments the hardest - investors).

In most cases we do not hold a unit for someone nor do we allow a move in date reserved mths out ( like airb) unless we have a confirmed hard move out date.

Such an income must meet three requirements:Rents outpace inflation: Every time you go to the store, it takes more money to buy the same goods.

If they drop to 2008 prices, I'll be one of the first ones lined up making an offer lolNot sure about commercial RE with some vacant office spaces and businesses (what were stores and food places) here but there are still are still lots of businesses here ya and office buildings in SF are in free falls as well.. office is the hardest hit segment..

Of course when an event was planned with food, why would I make a reservation?  

So now, VRBO has "restricted" all of the properties that we cancelled reservations for, in order to punish us.