I've seen investors allocate 5-10% for capital expenditures (capex) and vacancy, but you won't have a clear understanding until you've owned the property for a few years and established a track record.

Ensure you have an emergency fund for vacancies or repairs and verify market trends to confirm the investment supports your long-term financial plan.This post does not create a CPA-Client relationship.

To everyone on the wholesaling forums, understand this:Focus on learning from those with real experience and a proven track record of success.Don’t waste your energy on negativity.

Zillow and online county property records for sale prices.   

Some lending attorneys now recommend interviewing your borrower in a recorded Zoom call, using scripted questions, to document their intentions.Your list and communication clause comments, @Jonathan Chan, appear to reflect a do-it-yourself approach.

I also lived in NV and TX for some time, and would prefer that climate, but need to make sure the financials make sense there. 

They're unlikely to do that unless you can prove financial viability on your own. 

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Any LTR operator knows that a lease offers some legal protections to the lessor, and this includes financial obligations on the lessee.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.