NO debt NO debt NO debt on rentals is the way to go as you mature in age as an investors.

A more typical rule of thumb is to budget 10%–15% of gross rental income for maintenance and repairs over the long term, depending on the property’s age, class, and location.

Since I am married and have school age kids, I place a real premium on minimizing my management time. 

If the person views the successful individual as someone at a lower station, from any metric, age, profession, education, ect the effect is magnified which drives them to seek increase their own success. 3.

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.

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...

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

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.