If a combination of galvanized and/or clay, you might have to put in a whole new drain system or get dinged with a hefty repair at some point.So I do think you can minimize some of the big expenditures based on the age of the home and the type of material they used for some of the elements like that.Ultimately, though, if big stuff like that does go 10 or 20 years down the road, you should have built up more than enough cash flow and equity in the house that a 5k bill won't be that bad.I still believe that the long term results with investing in real estate if you have the right product mix, you are going to do extremely well.I would love to hear from any investors that have owned over 20 SFH's for over 20 years and see if any of them went under or if, as I would suspect, they're doing incredibly well.....The small few that I've ever been able to talk to have all seemed to be doing incredibly well.

Landlord cannot provide 30-day notice to move out unless there is a legitimate reason to do so (think massive repairs and capital expenditures).

Zachary,In answer to your question, yes my partner and I both had the same cash investment but the time expenditure was waaay out of wack.  

Other data out next week include the Census Bureau’s March durable-goods report on Monday (4/26), the Conference Board’s Consumer Confidence Index for April on Tuesday (4/27), and the Bureau of Economic Analysis’ personal income and expenditure figures for March on Friday (4/30).Weekly Changes:10-year Treasury: Flat 000 bpsDow Jones: Fell 200 pointsNASDAQ Fell 100 pointsCalendar:Wednesday, 4/28: Fed MeetingThursday, 4/29: Gross Domestic ProductFriday, 4/30: CORE PCE Price Index

(capital expenditures, property taxes, etc.)

If your asking how much you should save for a safety net or for capital expenditures that is another story.

That leaves you with $60 a month cash flow to address vacancies, capital expenditures, and repairs for the home.

Put all monthly expenditures on Automatic Electronic Payments etc; Am I trying to TOOT my own horn absolutely NOT   Like you I DON"t want to be re-imbursed for anything .

The bigger question is whether or not your current primary residence makes for a good rental.If your PITI is $1230 and you can rent for $1600 and your property is in good condition with not many capital expenditures in the near future I would go for it.Also, maybe you could refinance with the rates and get your PITI lower. 

If its stabilized and you don't expect any major capital expenditures in the next 5-10 years such as a roof, furnace, or renovating any units then somewhere between 5-10% would be a healthy assumption.