Or is a very low cap rate what you go for in expensive cities with very low housing supply?

This is why you can't really regulate this kind of thing.

@Kenny Terbrock It will depend on the regulations in your state/local jurisdiction.  

But right when you think it could be a national type thing I get proven wrong.. very easy to check with the regulators though.  

Replaced fill valve and supply line" and the charge came to 243.50 (this seems reasonable for call and the fix). 

When you ask about plumbing, be sure to separate out the drain lines and the supply lines.

There are lots of free resources that track supply and demand data like CBRE, MFN, Housing wire, Zillow etc.

I have separate bank accounts for personal property, LLC1, LLC 2 and Holding LLC.My question is around non-property related expenses like traveling to scope out new markets, home office, supplies for the office, legal fees, professional services etc. 

This is why Austin is at record low supply for housing inventory, which could persist for many years to come.

Also: If you don’t know much about the Tallahassee area, there’s a great supply of potential motivated sellers based on the condition of homes here.