However, most of these properties still cash flow well (or enough to cover PITI). 

I want the cash flow to cover any expenses the property may have.With my next property I am trying to figure out what state/town to go to.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

I'd look at the closing docs for something related to the pro-ration of expenses etc and see if you have anything there that could be a clause you point to for them to cover those payments. 

I hope that covers your question(s) Thank you Cari.

I've met Lee Arnold and he's a wonderful person and has a proven track record of success, which is why we sought him out to be a cover feature in Realty411.

Holding a piece of real estate over time that a resident provides every dollar you will need to cover the holding, maintenance costs, and financing costs, all while it goes up in value, is the same with a property marketed "turnkey" as it is with any piece of real estate. 

All which they cover in the training. 

HOA covers twice daily valet trash too. 

What you want to check when signing up a PM is their indemnificaiton clause on who covers who in case someone does something wrong.