When I mentioned capital reserves, I did not mean repairs and maintenance but rather the big ticket items such as new roof, carpet, appliances, furnaces and other big ticket items that need a savings available to pay for them.When it comes to income properties, many investors calculate profitability using the 50% rule.

I hope someone is interested, because tickets are already purchased!

One of the reasons BRRRR can be great is you generally already replace big ticket items like that at the start.Vacancy is heavily dependent on management and your area, but 5%-10% is common.

Maybe try buying lottery tickets or wholesaling.  

As for set asides, you will eventually encounter big repairs or need to replace big ticket items like roof, HVAC, etc, so setting aside money for those things now, a little each month, is important. 

I would work/develop a chart of big ticket items such as the roof, water heater, HVAC system, etc and calculate how much each of those items should cost per year and factor those items into your expenses as well.

Heres the link to get a free ticket https://www.eventbrite.com/e/t... 

I may be in you're area in February, my wife and I haven't mapped out where we are going in Europe yet but have the plane tickets.  

They would log in, open a "ticket", like, "the sink is leaking", or "I think there are mice in the garage", and you, as the landlord or property manager get a notification.

You don't have much control over them, they can change, but then it is nice to have some of the bigger ticket maintenance items (like the roof) covered.Hope that helps,Kelly