I usually suck up all the plumbing issues with LTR because I know it will just waste my time and of course plumbing is the most expensive repair every single time. 

Also, our cleaners will report property issues to us through Breezeway and we manage all of the repairs and consumables.  

I use Executive Villas and they just charged me $500 to repair some table legs and replace the batteries on a remote.

You will have income (rent), but then you'll have expenses: taxes, insurance, repairs, turnaround cleanup, eviction/attorney costs, vacancy factor etc.

I have been in the construction industry, mostly residential renovating, so I know how to spot damages, repairs, and/or things that need to be replaced.

Hey Quentin, Here are my bits of advice:Prioritize Value-Add Opportunities: Focus on properties that require cosmetic updates rather than extensive structural repairs.

Vacancy rate, insurances taxes, interest rate, repairs and maintenance.

At the time of the leak, my tenant was showering, but everything around the bathroom is sealed and in good condition.It’s been a week now, and there have been no further leaks.However, the owner of the apartment below is still asking me to repair their ceiling.

Yes - include ALL expenses in your math, including reserves for repairs/maint, capex, turnover, etc.

I had a full inspection and there were some minor repairs done before the tenant moved in.