So as a rule of thumb I have about $15,000 in reserves for capital expenditures.

A friend of mine in San Antonio had a similar situation.. she inherited a vague commercial lease and learned that the rules differ big-tiime from residential.

These methods include: Detailed Engineering Cost ApproachDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling ApproachExperience or “Rule of Thumb” ApproachIt’s important to understand the differences between the approaches including which one best fits your property and the reliability of each approach.DETAILED ENGINEERING COST APPROACHThis approach compiles the costs from construction and accounting reports to build a report.

As a general rule, I aim to achieve a net return of $800–$1,000+ per month for every $100,000 invested.

You will average about 0.8% rules here in Columbus with section-8 rents.

Hearings take place in the small claims court which is designed for non-attorney litigants and has relaxed procedures and rules of evidence. 

But generally speaking with the new landlord rules etc I wont fund occupied houses whether at auction or non Auction I want them vacant before we fund them.

Ask the city/county for their STR rules.

Additionally, have a clear budget, factoring in potential repair costs, and ensure you understand the rules about earnest money deposits and closing deadlines.LLC for Real Estate Investing: Forming an LLC for rental properties can offer liability protection and may provide tax advantages, though the tax benefits are non-existence for rentals.

I worked with the tenants to set rules such as if any violation comes up that would be grounds for cause.