Make sure to include reserves for long term vacancy and maintenance expenses. 3. 

This frustrating because she claims that she reserves the right to ignore me because she is working.We use zelle for payment and it happens to be her sister's account.

Hopefully you have at least 6 months reserves saved up to start.

I always research the local market, compare properties, estimate expenses, and build a reserve fund.

I learned my lesson and am keeping reserves  for emergencies and lower LTV on financing.

Nearly half of our reservations come with pets and to not allow them would put you at a severe disadvantage in a competitive market.

If you have someone reserve a year, you can charge back utilities but it might be a lot of hassle.

Do you have W-2 Income, 20% down, reserves, and a decent credit score?

I like new construction since there isn't any deferred maintenance and the properties should be relatively maintenance free for the first couple years (although it's good to include maintenance/repairs in your pro forma and maintain reserves just in case). 

.$8,981 mortgage at 7%$2,918 expenses monthly 33.38% of Gross rental income (Prop mgt, maintenance reserve, utilities, Prop Taxes, Insurance, other)$6,852 NOI/monthly ($2,129) negative monthly cash flow..Same scenario with 50% down, $864 positive monthly cash flowNot saying it's the best use of capital or the only way to do it, instead providing an example using an available market opportunity to share what the numbers look like.