A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.

Having it in both FL (my domicile) and CT (property location), created double the work and fees in both states.

We are not finding the answers we seek on the exact best way to set up the accounting side of things, a couple gaps in the flow from adding inventory items on a Work Order to the billing phase, etc.

Second largest metro area in Alabama with a population of over 500,000 when including Baldwin County, of which over 40,000 individuals commute from for work.3. 7.5 miles from downtown is The University of South Alabama which employs more than five thousand people, and has over 15,000 students.

The new boiler, all associated work, and extra items were around 7500 including permits and inspection.

Capital improvements are not immediately deductible as repairs; instead, they must be added to the property's cost basis and depreciated over the property's useful life.

Shows you listen, and want to improve their quality of life. 

I’m wondering if anyone here has had success with this model and could share some strategies that worked for them?

You want to be as long term focused as possible while maintaining a stable source of cash to burn every month for life expenses 

You should always make sure to work with someone boots on the ground who has good relationships with the city so they can make the onboarding process seamless.