I finally settled on a reserve fund of 4% of total asset value.

The Final Tangible Property Regulations and the three safe harbors and BAR test that comes with them4.

At the age of 19 I'm finally putting what I've learned to use.

Finally, since CAP rate is used to compare cash flows - properties which are valued based upon the income they produce - it is not really a useful metric for residential real estate which is valued based upon comparative sales.Cash on Cash is a related ratio which takes into account leverage.  

The tenant was in my unit for 7 months and it cost about 10 k to finally evict.

And finally, any tips, tricks, opinions, or any comments about this would be incredibly appreciated. 

Stop speculating, nail down your criteria, stick to your criteria, and only buy at DEEP discounts from MOTIVATED sellers.Good luck.

This house in particular had a massive termite problem that I failed to find on inspection (wouldn't of changed my opinion on buying the property anyways, just gave me a whole lot more work then I had hoped for).Glad to finally be done with this one and I am excited to start on the new one that I closed on a few weeks ago.

And finally, in living in the this same community, i have recently learned that an empty lot across the street from the condo is becoming a 5-star hotel equipped with multiple restaurants.  

Excited to finally post something!