I have been listening to the podcasts at BP incessantly and need to be online more.I just applied for my LLC, received a EIN number and now need to open a bank account.

Plan on ~15% combined.Any lawn care, snow removal, or other house utilities?

It's a broad question, so I'll give you my experiences.Besides fire, you'll have tenants suing you for negligence, slips and falls, like not shoveling snow.

In my spare time, I enjoy exercising in the gym, running around Atlanta, traveling the world, fishing, watching college football, and snow skiing.

Asking: 100k (Realtor.com)Comparable prices in area: ~150k (Realtor.com and Zillow)Average Comparable Rent Per Unit: 500-600 a month (Realtor.com and Zillow)Estimated Monthly Mortgage: ~1000 (Mortgage calc with 25% down plus estimated insurance and tax)Estimated Monthly Water: ~200 (I budget 50 per unit usually) Estimated Monthly Expenses: ~300 (For surprise repairs, lawn maint, snow removal etc) Total Estimated Monthly Operating Costs: 1500Total Estimated Monthly Rental Income: 2000-2400Estimated Net Operating Income: 500-900I knew these numbers weren't fantastic but I figured the building was at least worth going to look at. 

But we went with a new fiberglass material sheathing so its been solid for 7 years so far & we get a lot of snow/ice & rain.

We will be changing out of our flip-flops here in the desert in favor of winter boots as we get started with our new venture in the snows of November or December.We have been married and in full time church ministry for about 25 years, and have always had some sort of real estate project or involvement on the side... - I worked in the finance industry (banking, accounting, & facilitating 1031 exchanges) - He designed and/or helped build a couple churches - We had a rental property for a few years- We built a log home with our own two hands, chainsawing the doors and windows out of the logs we stacked -- He did the plumbing and I did the electrical, so our joke was that when you flipped the light switch the toilet flushed :) - We've usually lived in a bit of a fixer-upper that we could add some value toOur goals are to flip 4 houses a year in the beginning, doing all cash deals, and then begin to hold some properties as rentals in a few years.I feel intimidated when I listen to the podcasts because I don't have the ability to analyze all the options like the hosts and guests do!

I also do  all the maintenance aside from snow removal.

You need to also consider many other costs:- Insurance- Water- Repair costs- Maintenance costs (mowing the lawn, shoveling the snow)- Property management costs Personally, I don't abide by the "small losses every month are okay" logic.

The highway travel time can be highly variable due to rain and snow events or ice on the road (we use sand, not salt on the roads here).