Save your hard earned cash for down payments and repairs.    

. $6000 repair. 

Third, the turnover / repair / eviction costs are not properly in the proforma. 

., 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.

I bought 1 House out right, I am refinancing for 100k. had 1 renter paying 1000. using the refinance to purchase the second property, and putting renter for 1400. it will also need 25k in repairs.

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

We are splitting up capital contributions at 50%, but see having different involvements in the repair process.

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

This plan covers 24/7/365 troubleshooting services from Lula's experts (such as guidance on resetting a circuit breaker), tenant coordination for scheduling repairs, and access to a network of vetted professionals.Once you're subscribed to Lula, you can set aside a pre-approved amount for repairs, which can be used without needing to contact you as well.

Why someone willingly wants to work with a government agency that will slow down turnover, dictate rents and rent increases, and dictate repairs is beyond me.