Nothing for vacancy, long term capital (even if its rehabbed, if you plan to hold for 20 years you'll buy roofs, furnaces, ACs and other pricey items), routine maintenance, make ready costs between tenants (some, but not all, may be covered by security deposits), legal expenses, lengthy evictions, accounting expenses, etc.Now there will be some months, most months even, when you only expenses are the PM, taxes and insurance.

This has been my business for over two decades and I routinely lend to fiduciaries, private and public, personal and commercial, without the need to vest title individually or sign co-guarantor agreements.

What about other routine stuff like the refrig or water heater goes?

I have a few questions.What are your thoughts on this routine?

I like a to have a routine such as knowing rent checks will arrive monthly etc.

If things are noticed during a routine repair or other visit to the property by the PM, the owner should certainly be made aware and given the option of repair.

Maybe we could do a 12-7 routine.

@Kate Stallmann One of my wife's routine pieces of advice to her clients is, "You can always ask".

He knows the routine..

Would love to network with others, (whether newbie like me or pro), discover a mentor and maybe shadow someone on their day-to-day routine or even when landing a deal.