Buying a new construction home will allow you to bring only the down payment and closing costs and to have a predictably low-maintenance decade or so in front of you. 

No thanks, I want reliability, stability, predictability. 

One of my recent rehabs (one of the purchases from Dec 2021) had a 5 digit window replacement (long story) that I could have never predicted. 

Sometimes it can be according to market, sometimes according to tenants and sometimes according to personal taste (styling to market, broken stuff, re-paints, re-floors, etc)Maintenance is usually less variable (lawn care, cleaning, etc)Cap-ex can be a bit of a variable, though is actually more predictable.

I know it’s harder to predict than LTRs, but wondering if there is a typical range in this market.

Especially when you are working with limited capital you want to keep risks as close to zero as you can, which means you want to invest in a stable neighborhood that is predictable (most are in MKE). 

So far it's been resolved besides my financial loss which I hope to resolve by her submitting and E&O claim to her professional liability carrier.I'm not screaming - just wanting to emphasize to anyone else that they never back themselves in a corner - I was always afraid this could potentially happen - you can never 100% predict human nature no matter how hard you try. 

We will see cycles, but they will look different and they are impossible to predict.

It remains to be seen whether the predicted wave of multifamily defaults comes to pass, but with DSCR's in the low 1.00's you can be sure the capital involved in these deals is "training 7 days a week" and headed toward burnout.⚠️ If you want to be a landlord, don't overextend yourself chasing the 6-pack abs of real estate investing. 

@Vivan Bhalla No one can predict or control job loss, so no one at fault there.The only fault I see is the PMC NOT proactively alerting you that tenant missed a payment and then letting you know what they were doing about it.The apparent easy thing to do is fire this PMC and find a new one.