Plan to set aside 25-35% of that reserve amount each year (assuming that you'll actually USE the reserve every 3-4 years).As for CAP rates, I haven't looked in south florida since last summer, but they were more or less running with most of the southeast.

Another place you might want to consider is Nebraska.

My firm does commercial property inspections all over the Southeast.

Good to get some other Southeast Idahoans in here- Welcome!

You can cut your teeth as a landlord, but it's on a small scale and more "forgiving".I moved to Cambridge because I had a girlfriend in Boston and hated commuting every weekend from southeast CT lol.

A bit about myself: I am a transplant to Nebraska.

South East Denton is the slummier side of town but at the rate the town is growing that side will slowly start to get snatched up by investors. 

I live in a small town in North Carolina 25 miles southeast of Charlotte.

@Tobin Cub, but not South/South East?

I like the southeast area inside the perimeter (most, but not all of the areas south of Memorial and east of the Atlanta city limits), partly because it's close enough for me to manage from where I live in the city of Decatur.