Quote from @Eugene Weixel: Is Morris presence in Portugal thwarting the New Jersey lawsuits? 

As for other ongoing expenses that will really vary by property age and condition.

I also wish I had started thinking about REI at your age.

Hell I can get an aged SHELF (not shell) company for $695 there and it was the EIN and all that. 

We lucked into a rehab project and successfully run a short term rental in Bell Buckle TN. It has approximately $200,000 in equity and currently cash flows about $1500/mo ( we split this cash flow and equity 50/50 wit...

Mainly I’m trying to avoid “aged poorly design” glassblock walls, small bedrooms, older windows (wood/aluminum, single pane), aluminum patio covers, and to a lesser extent landscaping.

Plumbing is historically one of the most difficult things to fight since age and the structure matter so much and it is nearly impossible to pinpoint one issue that caused the damage. 

Sounds like you came into this around the same age that I am just getting started.

What is the age of your business LLC? 

You might also want to consult local property managers or rental market reports for a more accurate picture.When it comes to estimating CapEx during preliminary analysis, without visiting the property, you can use a general rule based on the property’s age and condition.