In some ways its luck of the draw, but diligent research and advance planning can make those potential big expense much less anxiety-producing. 

It's eases the anxiety a little knowing there are people that actually are willing to just chat and talk about REI.

One off items will be considered capital expenditures and are considered non-recurring costs to continue operating the property.

the only other recurring expense will be the hoa of $53 dollars per month.my total expenses (excluding repairs)$1250 - rent recieved + HOA = -117 (monthly)(this is also assuming i purchase the home at the asking price but it is REO and phoenix market is slow, i will definetely be submitting a lower offer)

Hi Darrel,Everyone has their own fears to deal with, it is good that you are trying to overcome yours.Before I pick up any house I feel a lot of anxiety (caused by fear) since I am new to REI also.

I feel this is unsustainable for me ESPECIALLY because i want to buy more properties ( at least one more until i pay some of these off) Am i wrong for my high anxiety/ being upset with the property manager not depositing the money until the 7th/8th of every month?

Excluding the Debt Service, HOAs are easily the biggest recurring monthly cost that you'll have. 

I performed the initial and recurring services for many foreclosures in my area several years ago.

One other thing, take some Valium as Hubzu can give you a constant anxiety attack from start to finish.Congratulations on your winning bid.

@Scott Morrison to my understanding there is a recurring Suffolk county meetup that happens already.