I bought 5 properties in a 6 month span last year. 3 of which I managed to finance 0% down which many say is unheard of.

. $50/mo positive flow will not pay you for your time if a series of small things need addressing.The $120/mo for repairs is good unless a few things die in a short time span.

Look at items that condo association does not cover and review age and useful life span of those items.

Sp an investor with a large portfolio of properties can protect all of his properties but one from a lawsuit.

I had the refinance end of November so i was able to pay it off without accruing interest.The other $3k was on a 0% APR credit card which I made minimum monthly payments of $20 throughout the rehab.So now that puts me at $96,000That still leaves $9000As I mentioned, I've been working a well paying, full time job the whole time, and over the span of the 4 month rehab, the last $9000 was out of pocket.

In the span of 6 months, I had to replace the AC unit, water heater, and refrigerator.   

Especially after I was given a house for free, held it for 18 months and lost money over that 18 month span upon sell.  

I think what we have to worry about are the terms in which they get these 0% line of credits, the time span for those lines of credits (LOC), whether their 60 day money back is legit or not.

All of our offers that ultimately was accepted has been rejected multiple times first - and sometimes this spanned over the course of many months - before our deal was finally accepted.

I think normal life span for rental is:carpet 5 yearspaint 2 yearsSo I would expect to pay 20% of the replacement IMO for the carpet.