There are still one or two large items.

Here are some reasons why I (and many others) believe that security tokens are superior to traditional methods of recording and trading CRE ownership claims.

Even if you are doing a total gut job there are items that will wear out.  

There are two main items you have to do. 

I would probably have 8% for repairs & maintenance like broken windows, snow removal/landscaping, and other small repair items.

Just paint and carpet, maybe.  98% chance you'll get the house back ini same or worse condition.Needs plumbing swap, new breaker box, 200% chance you'll get the house back.I've done note and mortgage (traditional seller finance) and had to foreclose, about $1.5k plus the non-paying months.   

@Dylan MeekerDylan, you posted the same item over in the Landlord forum.

Hi Jimmy,20% down usually is the norm for traditional lending and some HML.

So far I found a local bank that will do it as an in-house traditional mortgage.  

We set aside a portion of our gross rents each month (usually 15-20%) in a capital improvement account and then we can use that account to fund repairs like roofs, AC units, remodel of kitchens or bathrooms, new appliances etc.You will always find something to spend on , I would spend some time to prioritize your capital spending, and to plan ahead of time for big ticket items to keep your place in top condition.