Averaging over more years helps absorb the ups and downs too.What are your overall repair expenses in a percentage including maintenance, repairs and capex?

The more you join in these conversations with the people you come to work with, the more you will end up absorbing.

If someone asks about arbitrage, I will tell them it is a bad idea overall unless you are in a position to absorb the possible failure.

Most average people can absorb a substantial long term cap gain with minimal tax implications. 

@Kirbi CampbellI would like to absorb as much knowledge as I possible can from reading virtual learning events other people.

The answers are really eye opening and it's quite a bit to absorb.

Anyone that's very successful, you will be able to meet them, like Robert T Kiyosaki from Rich Dad Poor Dad who took just a simple course, did the work from the course and just kept learning and repeating the same steps.I'm a newbie as well, and you're right there is a lot of information to absorb.