When a big ticket appliance or mechanical system of the house breaks and you have no reserves because you have no profit you’ll be sick to your stomache . 

Cap-ex is going to depend on how old your house is or how old your mechanicals are.

hi everyone,my name is Antonio M. i am from NYC. i have always been very interested in starting a career in REI. i currently work for a major insurance company doing auto damage assessment in NYC. my wife and I currently own a 2 family home. i joined this site bc i want to soak up as much information as possible. my wife and I have comfortable decently paying jobs but we are a bit burdened with college loans...our current goal is to pay off all debt so we can focus all our money into purchasing cash flow producing real estate. i hope to learn much from all of you here and soon start setting up a good future for my 19month old son. if you could take a look at my first post it would be great. https://www.biggerpockets.com/forums/12/topics/608311-newbie-have-idea-of-using-heloc-to-supercharge-my-rei-start

@Caleb Heimsoth mechanical sounds awesome too.

For the example house I have a total of $6,000.00 within this category.3.)Demo & MEP: For those not in the “biz”, MEP means, Mechanical, Electrical and Plumbing.

He asked me if I could help set up an auto debit from his checking account using only his routing and account numbers.

This:"BUYER UNDERSTANDS AND ACKNOWLEDGES THAT THE PROPERTY MAY BE ENCUMBERED BY MECHANIC’S OR MATERIALMEN’S LIENS OR OTHER LIENS, JUDGMENTS OR ORDERS RESULTING FROM ALLEGED VIOLATIONS OF LOCAL ORDINANCES AND BUYER IS TAKING SUCH PROPERTY SUBJECT TO THOSE LIENS, WHICH MAY OR MAY NOT IMPACT BUYER’S ABILITY TO OCCUPY OR TRANSFER THE PROPERTY IN THE FUTURE."

You do need to have a little mechanical ability but utube will teach you.

It varies from community to community. if the property is pretty well maintained and newer mechanicals you can adjust your budget for less to set aside for repairs.

All you accomplish with an advertising magnet is increasing your auto insurance rates.