If you are running to the hardware store on a very frequent basis, or using your vehicle to haul significant amounts of materials, the IRS could question your level of involvement and whether you are providing services to the IRA.

I recently moved to Arlington, VA after graduating university and starting a career in the financial services industry.  

I have proof they did not, both bills and a letter from the utility stating they never transferred service.

Then start doing flips, buying notes, tax liens, and more to help increase your capital while the rentals provide a foundation to rely on in case a fix and flip goes bad.By the way if you plan on managing the property yourself, try using a service like cozy.co or something similar.  

I am interested in the BRRR strategy and house flipping and would also love to offer any services that I could potentially provide to more experienced investors in hopes of learning the ropes and getting a few deals under my belt.

I also really like page 2 box C, "services you can shop for," because now I'm not expected to justify fees that I have literally zero control over. 

Glad I had reserve funds set aside.  

So in essence we could lose 3 out of 10 tenants and still cash flow enough to service the debt without coming out of pocket.

As far as reserves, I've got a pretty good cash cushion built up, plus a line of credit in case of a dire emergency.While I haven't exactly budgeted for CapEx, my initial plan was to set all of the cash flow aside in a separate checking account to build up toward replacing the roof, separating the electric and hot water, etc.

Borrower have some money in reserve to weather tough timesC.