I would expect to pay (and have paid) about $4000-5000 for replacing sewer line from the house to the main line. 

The main component is that it has to be propotional. 

My choices are:PNC Bank - 5.37% APR. up to 89%. annual fee $50, but waived since I have a qualifying checking.

So, my main question is whether or not we are overshooting or undershooting with our 15% budget or should we allocate more since it was build in the 1950s. 

I plan on purchasing mf in the downtowns of the cities surrounding Houston, mainly those with a more “Americana” type of feel( white picket fences, 4th of July block parties, neighbors worship together, founding families are still around and they let you know it, high walkability score, families are out on the street with neighbors, doors are unlocked.....)It is tough to comp certain property because they might be the only type (or one of the only two) AND some of these towns do not allow any more MF to go up, so the MF owners set the market.

The main reason I care is I don't want to have to spend $1000 or more every year on the tax prep when all I probably need to do is file on the Schedule E (especially with just one or two properties). 

Main home should pull in $800/mo due to other rentals/apartment pricing in area.

You brought up a good point on the fixed income - mainly through social security.

Certainly worth talking to him.I know Patton has been around a long time and I think they are a good choice as well.

Main home should pull in $800/mo due to other rentals/apartment pricing in area.