These days, DSCR loans are really the go-to product for investors but many different lenders have overlays and specific sets of rules in their playbook.

Assuming you already paid for the first occurrence, if it happens again and the plumber doesn't find anything wrong then, yes, the tenant should be responsible for the invoice.Your PM should be setting those expectations when they communicate with your tenant."

A small house or duplex for my grandson, a set it and forget it type of investment.

Quote from @Neeta Agrawal: For context, we gave the tenant a 60-day notice for non upkeep and no repair communication in 2023 and then extended it for 30 days upon his realtor's request, setting the move-out for May 31, 2023.

-Not setting aside reserves or underestimating long-term capital expenditure needs.It doesn’t mean cash flow doesn’t exist—it means they’ve learned hard lessons about the realities of real estate ownership.Final Thoughts If you're starting out, focus on building a strategy that fits your financial goals and risk tolerance.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Set a clear budget, research properties carefully, and keep growth potential in mind as you plan.Good luck!

Two sets of eyes are better than one! 

I would only add these two: FIRST - people constantly ask which algorithm to use to get their prices set.

You are in control of how the set up works, if you need interior designer help.