Taxes, insurance, vacancy, etc. are pretty easily predictable and recurring.

@Brian White Links to the local REIA's can be found here...http://www.biggerpockets.com/rei/real-estate-clubs...non-recurring events are posted in the forum...https://www.biggerpockets.com/forums/86-local-real...

If it were poorly insulated, this would be a recurring issue.

I create recurring payments and it sends an email reminder to my tenants.

Few modifications on my personal investment;1 paid cash so mortgage2 remodel cost ~$500 in paint3 property management being done by me, no recurring expense4 tenant covers all utilities Result, income = $1650/mth less costs of insurance, taxes and maintenance of about $400/mth generating a net of $1250/mth.

Before my first venture, I spent hours and hours analyzing deals, evaluating every what-if angle imaginable and accomplished nothing but creating anxiety and allowing profitable deals slip through my fingers.

These will be in good school districts, much better tenant class, and likely the least anxiety and hours of your life managing tenants.

Aime,I actually prefer being a landlord for the recurring income stream.

If the lender does not, we 'self escrow' in a separate reserve account (not an operating account or tenant trust account) that includes recurring expenses and anticipated capital costs.

I'm new to real estate and am working through my initial education phase.My first goal is to purchase 5 rental properties because I love recurring income and believe that this strategy is best suited for my goals and personality.I'm still a ways off from going through my first deal, but as I prepare, I have a question about financing that I think I need to start addressing now...I freelance for a living and I think that this may make it more difficult for me to get a loan since I don't have a "stable income."