Amortize your major repairs (roof, hvac, built in appliances) and add an estimate for small maintenance.This feels not terrible to me.

., repairs, management, communication with the seller).Exit strategies in case things don’t go as planned.When you do find the right partner make sure to create a joint venture agreement that outlines all of this clearly.

There are still a ton of roofs with blue tarps needing repair/replacement and some debris sitting curbside.  

I stack cashflow for capex and repairs because I have a decent W2 job that I live off of. 

We usually redo the concrete walks or steps if they are old, graying and in need of repair.

He missed significant repairs that turned a $10,000 refresh into a $60,000, 8 month rehab.

If you have vacancy or in need of a large repair, will you have the cash to also manage that? 

I find that cash flow is very important so that I don’t have to come “out of pocket” to pay for major improvements / repairs  

For instance tenant responsibility for up to $500, $1000, whatever in repairs before landlord responsibility kicks in.

Staying as liquid as possible might also help you handle CapEx, taxes, small repairs, and so on.Let me know if you have any questions—I’d love to help in any way I can!