That's why you need reserves (don't care if you call it the rainy day fund, the oh crap fund, the long term savings, whatever). 

I think it was just called their "Accounts Receivable" card and my limit is $8500 which has been sufficient for my needs, but I could foresee wanting to up that in the next couple years.

Fourthly, buy "The California Landlord's Law Book" by an organization called NOLO.

Because what I mean by those "unexpected repairs" is that I simply set aside a set amount of the gross rental income each month as sort of a safety net aka just incase money for things such as a leaking pipe that I didn't know was going to happen before it happened thus it was "unexpected"So... technically I can't take out that 1% because that's just my own safety net savings I set aside but from that savings if something does happen that year and I have to make a repair that does end up as an "operating expense" since I have now spent that money and not just set it aside like with the unexpected repairs moneyHope this isn't too confusing to understand but now that I am reading over this I think I have answered my own question :DHa, yes those = unexpected repairs (which you could also simply call "reserves").

Hi, I ran across Art Veal who is selling a retail wholesaling course that he calls Quick Turn Real Estate.

Hi everyone,I'm in the process of scaling my wholesaling business and am exploring the idea of hiring someone to not just make cold calls, but to also play a crucial role in finding properties and securing buyers.

We've had the best luck with doing short rentals, loading up all the trash within 24 hours, and getting the dumpster out of there.Not sure what companies operate where you're located, but we use a company called Blue Bin Dumpsters, and they offer 24-hour or 3 day rentals.

I would suggest jumping on a free call with JD Monroe:https://l.facebook.com/l.php?

Yesterday, I called the hospital, another hospital near his university, and some other nearby hospitals just in case, and they said they had no one with his name in the record.His roommate also brought up some concerns that he hasn't been in the house for the past couple of days and was asking me to do a wellness check, which I am doing today. 

As he noted, if you call some of the mainstream custodians they will say they allow for self-direction but they mean that in the literal sense of doing what you want with the securities and investment options on their platforms, which are traditional investments like stocks, bonds, ETFs, etc.