Okay, let's allocate $1500-$2,000 for this repair that will need to be done.  

., repairs, management, communication with the seller).Exit strategies in case things don’t go as planned.When you do find the right partner make sure to create a joint venture agreement that outlines all of this clearly.

The $100-$300/month amount is just a generalization - but the point is, on a monthly basis you don't see a huge income per property - and you also have to absorb repair expenses and such as well.   

I would definitely factor in some substantial capex/ maintenance and repair costs which could lower your returns.  

Single family house, which required smaller down-payment and little cosmetic repairs.

I stack cashflow for capex and repairs because I have a decent W2 job that I live off of. 

I know that's not a huge cash flow, and any repairs could make me break even.

Staying as liquid as possible might also help you handle CapEx, taxes, small repairs, and so on.Let me know if you have any questions—I’d love to help in any way I can!

I would add to this account every month, allowing me to pull from it whenever there was a large repair or capex event. 

In a text book case you'd buy a property for half of its ARV (after repair value) and then spend 25% of ARV on rehab and generate 25% equity.