Third, you'd have your operating account with all of your normal funds for paying your mortgage, taxes, insurance, recurring monthly expenses, etc.  

I think that is partially due to our screening (everyone should note, that is a recurring theme on these forums).  

I need to hold the home with a downpayment.The prop will have recurring income and will sell out a year in advance.

And remember to include some for maintenance and recurring capex in your expenses.

Cash flow requirements will be at minimum $200 per single family residence on a monthly recurring basis.

Any regularly recurring expense is going to take your NOI down.  

There are a lot of fees and recurring payments that go along with getting your real estate license and being a part of a MLS. 

Sustained positive cash flow means that rent consistently exceeds the total recurring costs.

It fits in well with what I can handle at this point in my real estate portfolio... simple, but profitable with recurring revenues.

I can't speak for others, but I would never pay retail pricing...The benefits my contractors get from me:- They get recurring business from me, thus cutting down their marketing costs and reducing down-time- They get referrals to other investors, thus increasing their income, cutting their marketing costs and reducing their down-time- My houses are vacant, so there is less headache with rehab tasks- My scheduling is done such that contractors don't need to put down clothes on floors and don't need to do any major cleaning when they're done (we bring in cleaners at the end)- I pay consistently and immediately and contractors never have to wonder if they'll get paid- I am a great reference for my contractors when they need one for other clients.