A recurring theme in a lot of the early fails shared by the currently successful were due to a lack of control.  

My LTV at purchase was 70.5% Last year: GSI =68400, Expenses = 18900, net op expense = 27.6% including mortgage.CapEx reserves are non-recurring so, IMO once established they are no longer deducted from the GSI.

The subject of reserves is a recurring theme in the responses.  

Deep cleaning the carpets between tenants is recurring and appropriate to include if we're taking a 2 year average.

They will have the choice of manually entering each month's payment or they can set up recurring payments.

You're risking $5K up front and a recurring mortgage payment.  

There are many variants of the ROI calculation and most show much higher return because they do not include all the recurring costs or include such things as unrealized gain.Note that good investments in Las Vegas, like everywhere else, are not common.

It seems like this is a recurring gag and is almost considered unavoidable amongst some homeowners.

Rachel Shepherd We have two recurring monthly transaction in Quickbooks for each property.

Anybody is welcome, we're just hoping to expand the local network and explore interest in recurring sessions.