-Saving living costs will allow you to get into your next property even sooner-When you are ready to move out, the property should cashflow and you can just hold it at that pointWhen on the journey to Financial Freedom/Quitting your day job, it is always easier to just increase income instead of lowering expenses because most of the big ticket expenses are necessities. 

Powerball tickets 

If you don’t …..be prepared to receive several tickets for things you didn't know your tenants were supposed to (you really since you are the landlord) do.8.

@Shawn Ackerman @Andrew Johnson so the understanding I have is that capex is for large ticket items aka roof or HVAC etc.

You will get to know the big ticket items and the price it runs every time.

@Leo Kotschenreuther for big ticket items, I was taking those in account based on items projected from the inspection, which was about 7.5k over the next 2 years. 

50000 powerball tickets and 80000 more per year with your salary.

Not sure how to put the link but you can get tickets for 10$ on Eventbrite or worst case at the door I’m sure 

I will say the countless negative reviews on Google have truth to them and we put in over 20 warranty claim tickets on our brand new home within months of moving in.

@Dave Lloyd has the correct approach, although the general "rule of thumb" on BP is the 50% rule, where you subtract 50% of monthly income to account for expenses.Don't forget to set aside a percentage for CapEx (big ticket repairs).