Back in the day we carried a balance of $100,000+ that was owed to us and that is now down to only $10,000 or so and we only cover out of pocket if it's an emergency.The PM must have sufficient reserves to do the necessary maintenance work and shouldn't be chasing landlords for money.Just my opinion...Also, a PM's number 1 profit center is maintenance up charge.Landlords don't have much insight and PM's nickel and dime to death on those.If you are suspicious, ask for a receipt so they aren't making up non existent maintenance.Let them make their money tho and calculate that into your expense pro-forma.Otherwise, manage yourself and deal with the $#%^@ that comes with it lol.Multifamily in Ohio, you can get for $25,000 - $35,000 a unit.Drop another $5,000 - $10,000 into the turns and rents should be North of $800pm.Decent area's also.Personally, I wouldn't get out of bed unless I'm making the above numbers.Wishing you much success

It also says:"MAINTENANCE: It is expected that major systems in and around the property will breakdown from time to time such as washer, dryer, refrigerator, etc.

- maintenance and repairs (50/month?)

This means that the property's annual net operating income (NOI) must be at least 1.25 times greater than its annual debt service.Calculate the property's NOI: To calculate the property's NOI, subtract all operating expenses (such as property taxes, insurance, and maintenance) from the property's gross income.

Specifically, it looks like you’re including PITI and HOA dues in your expense assumptions, but what about maintenance and repairs?

Other than saving a certain amount from each rent payment (for taxes, insurance, PM, general repairs, maintenance, Cap X, and vacancy), does anyone have a rule of thumb for what a good amount of reserves would be for a SFH or any 1-4 unit property? 

If it were me, I would think about 3-6 months of principle and interest reserves plus reserves for repairs/maintenance.

Hi,I have 1961 property  causing more maintenance issues.

Many times, issues come up due to deferred maintenance.

If it’s strictly an investment, you may need to consider conventional loans or other creative financing options.Cash Flow Analysis: Do a thorough analysis to ensure that the rental income will at least cover your mortgage, property taxes, maintenance, and vacancy periods.