This is known as the self-sufficiency rule.

Regardless of how new everything is, you should still budget monthly reserves for CapEx, OpEx and vacancy, until each property has built up sufficient reserves.

When you correct something that the lease does require of you, prepare a fill-in-the-blank form that you have them sign each time that shows the date that they brought the matter to your attention, briefly describes the matter, shows the date it was fixed, and states that their signature (make sure it states one party signing is sufficient) shows their full satisfaction with the action you took. 

Lenders we have worked with look for a 25% down payment, an adequate reserve, and a personal guarantee supported by sufficient personal income and assets.

This is known as the self-sufficiency rule.

And if this real estate thing doesn't work out, you'll be out a lot less money.For most folks on BP they really just want access to the MLS, so being a salesperson is quite sufficient.

Some details of  contracts to ensure that you and your tenants needs are more sufficiently met with snow removal.  

Heaven forbid, but how many projects that won't cash flow or don't produce decent ROI at 4 or 5% will cash flow or produce sufficient ROI at .5 or 1% interest?  

This is known as the self-sufficiency rule.

If you want to buy and hold, and you aren't finding satisfactory properties in your price range that will produce sufficient cash flow, go East and perhaps a bit North too.