No any repairs due to normal aging and wear and tear are on me.

Depending on the age, location and condition of the property, 45 to 50 percent expenses (including vacancy and annualized capital improvements) is a darn good rule of thumb.Tax advantages are helpful, but don't equal cash flow in importance.

Many years ago, you could sell your personal residence ONE time in your life, at age 55 or older and take the first 125K tax free(250K if married).

& inside an expertly drawn neighborhood polygon), size appropriate (+/- 10% sf and similar lot size), age appropriate (similar construction date), and condition appropriate (they've been remodeled/rehabbed).

My time is better spent on bigger transactions and I increase my ROI.National apartment lenders want certain properties such as population levels above 80,000, door price above 40,000 a door, age of the building past a certain year, location urban core to some suburban to minimize risk.When you get into more suburban to rural areas where deals can be had you are dealing with more local to regional banks who have a presence their and are comfortable lending in those micro markets.

In this day and age where most of us will check reviews or reputation online these things matter.

I'm seriously considering dropping it next year as I have gotten so many complaints and end up being tech support for a variety of devices from computers of various ages to Xboxes and iPads.

It all boils down to the age old saying "No one will spend your money as carefully as you will" Show any kind of weakness and money sniffers will be all over you trying to get your check book out of your pocket.

My ARV is based on 10% cap after using 50% rule, which is more than what people are getting so it is conservative.The property has been losing 40k a year for the past few, but has improved recently (I suspected he had apartments rented at the cost of tenant quality just to sell but the leases seem fine and are they same he had always used).My only concern is the thing's age.

Live frugally now to finance my future and actually enjoy my hobbies in 10 years when I retire at the ripe old age of 35.