That eliminates this anxiety for your first deal.  

You will have to deal with a case of bedbugs, a tenant will overdose on heroine, a tenant will not pay and you'll have to evict, you will get a call that they have found mold, you will (insert what ever nightmare that person tells you about that drove them out of the rental business).You know what, it is nothing you can not handle and each experience that you go through will teach you that as a landlord and investor you have the skills and mindset to be very successful and all of your fears and anxiety were just in the way.

I see a slow motion, unfolding train wreck of financial misery, sleepless nights, anxiety medication, panic attacks, and avoiding answering the phone and lots of registered mail.

Carpet is a recurring cost.

This is a recurring event.

This helps them to assess any potential aberrations in operating performance such as repair and maintenance items that may not be recurring expenses.

If you set up recurring invoices for your tenants, they can automatically be sent out monthly.

Recurring?

Marie, for removing my anxiety about a potentially missing deed.Ru

This "funnel" concept is a recurring topic on the BP podcast these days.