I would budget maybe 20-30k depending on how far you are going down.

I'd like to know because if they select them as they are entered into their database, right after filing, then there is another good reason to always extend and file on the last day.

Lowe's just came out with their biggest appliance sale of the year- up to 40% off. And if you join Lowe's Pros, you'll get an additional discount (it's free to join). I believe that the sale goes through February 12th...

If it would concentrate on rent collection only and do it well, it might be okay.

U can do 100% if you want but you should have plenty of cash on hand as well. 

Why ask: Learning how your mentor handled failures or setbacks will help you gain perspective on the full spectrum of risks and challenges in the field.

Hey Jacob, do you plan on expanding the portfolio?

I want to be able to find potential markets/listings nationally based on the return. 

There are a lot of market-specific issues you'll have to grapple with and also, there are plenty of landmines in MFR on its own in CT that you'll have to be ready for, in addition to the nuances and complexities of developing something like this.

They will have additional costs for mailing & online campaigns to get leads.