@Mary Jay yes and that’s counting even big ticket item repairs averaged out so my monthly is actually higher. 

Additionally, they should help with coordinating your home inspection and if needed, getting GCs to walk and get you an itemized bid as well!

I would try to buy properties starting at a specific date so not large ticket items come up.

One important item to note about bids: most smaller contractors are terrible at estimating.

With that being said, in a worst case scenario, you can always hire a property management company to handle the day to day items if it comes to that. 

Given the scope of your work, a simple plumbing leak would not concern me, it's a $200 issue at the most and ideally, it's just another line item when you do rough in plumbing for the kitchen.Being in a Milwaukee suburb, I am guessing it's a 1960s ranch, probably with galvanized plumbing.

Most new construction deals require you to give up to a 10-year warranty on some items while most fix and flips come with very little extended liability after the sale excluding gross negligence which is not stopped by an LLC in any case.

A savings to put deposits and another account for everything elseyou don't need separate bank accounts as accounting software will classify all of those items.

You're giving up some good tax benefits since you're in the tier of taking itemized deductions.

I have one I have drafted up but would love to compare against others.What are some items you always included in your MTR rental agreements?