@Samir Shahani your notion is correct - I don't know where there idea came from to correlate repairs and maintenance to rent - if anything they have a somewhat inverse correlation.Repairs and maintenance depend on two things - replacement value of the property and age.A property is a list of systems: plumbing, electrical, windows, roof, driveway etc - and every one has a useful design life span.

This is the paradox of almost every investor based upon where they are in their "investor life". 

It's the oddest city I've ever seen in my life.

Residential rental property has a depreciable life of 27.5 years.

As far as savings goes the only reserves are in the house and in retirement accounts which is minimal at this point in my life.

He recently had a series of life threatening medical issues that took him out of work and seeing him struggle to survive financially during this time has made me hungrier than ever to achieve financial freedom for my family (I’m married and just recently had my first son)!

Roof, hot water heater, AC, furnace and divide each of those by their useful life into a monthly payment.PM fees vary but typically will be 11-13 percent if you include a placement fee annually (you don’t want that by the way).

@Jim K.I still plan on using my life savings for the platinum level McRib coaching package. 

This has been the launch pad for my life in real estate and my family's financial freedom.

And you can adjust financing like I did to make it cash flow.My plan is I am never ever letting go this golden goose in my life!