Then divide that cost by the amount of time between now and then and that's how much you should be putting aside for Capex.For general maintenance, the age and condition of the building will play into that.

.: @Mike HernThanks Mike, I played that card 2 years in a row and this time I can't find another good reason.

You're worried about the defense you need to play, just play offense.

Then what’s your play? 

We served the second tenant shortly afterwards and once they saw how the other situation played out, my wife was able to work with them to get them out without going through an entire eviction process. 

Get Kiyosaki's CashFlow Game and play with the family.  

Costs can be on the lower end if you use more standardized templates, while custom documents tailored to specific deals tend to fall on the higher end.Location can also play a role, with attorneys in larger cities often charging more.

I’ve been in a similar situation, and I think the idea of buying in lower-cost areas to renovate and rent out is a great play.

Playing around with the deal analyzer on the website, it seems like this would be somewhat unheard of.

I'd also recommend making up a few situations that you might encounter and role play using the list of question you want to find out.