She always told me that she wanted me to own this property but she passed away unexpectedly before she could make me a Will I know that is not any good proof.

They never told us they were charging and since we told them before move out we didn’t have the keys, it was unexpected.

Essentially, the plumber open a drain plug outside the house, and blocks the outlet line outside the house.2.

I figure it is worth sharing so that this doesn't happen to any of you.So what was this unexpected expense?

Needs a little upgrade like replacement storm windows and electric outlets need to be upgraded.

Some older homes have 1 outlet per room.

Management is impossible to select until you have picked and vetted a firm- while it is an operating expense, you're likely going to pay from GOI...so assume closer to 12% NOIYour vacancy is pretty low, but it's all relative here...I would at least set aside 1-2 months gross rent for an unexpected turnoverIf you can insure a 4-unit property for $150/mo. you have an awesome agentAssuming 50% of your income will go to OpEX is pointless.

Because we've figured this out! Let

That doesn't give much wiggle room for unexpected expenses (or expenses that are more than your estimates). 

What kind of person that actually knows what they're talking about is going to sit here and write The Book of Jared just to help you out?Let's