Others are irregular, but frequent - routine maintenance, snow removal, mowing.If you're looking at a 24 unit apartment building, 50% of rent is a pretty widely used number.

I will have the keys in my hands on April 1st, spend less than 8k and have it rented by the end of april for 1357month via Section 8.I think this is a good deal, but it took me 4 months to find it..Last place took 7 months at the sheriff sales, but they cash flow, need little work and I am in and out..Point is...Take your time..It isn't how many properties you own, but what and where you own them..You also want them to cash flow.I deal only with Section 8, because they direct deposite to my account..I am not in the business of chasing rent..I explain to them that I own the property, not them, and they WILL TREAT IT fairly..I prefer single mothers with children who are on disability..I never have to hear that they lost thier job, because they will never have one..I let them know I stop over once a month to check the heater(my excuse to check on them) and it works well..Another angle I have come up with is that I buy NICE places and make the people on Section 8 feel proud as to where they live, and it seems to pay off..My one tenant drives me nut, because she is always calling me asking to hang new fixtures on her sink, or the 4 foot by 6 foot stained glass picture above her fireplace, or the fancy $400 lite she bought for the hallway...I don't know how these people have such nice things, but no job..I don't ask..All I know is they treat me well, and I would rather her call me to be her interior decorator than to hear that she is trashing the place..

A change in ownership of the building is seen as a break in the routine and that becomes a good opportunity for people to make a change.Assuming that there is reasonable demand in the market for rentals, it's fine with me if the holdover tenants leave, especially if they are paying undermarket rents.

However, the management and maintenance expenses are a routine part of the business.

(She routinely does this and has purchased hundreds of properties.)

Simple things like faucet repairs, routine plumbing, electrical outlets, and other things of that nature are maintenance. 

I know they can handle the routine maintenance and rental collection but have thought about property management. 

Yes, this is possible if you can find a lender that will do a VA Construction to Permanent Loan, a deal in which you pay no closing costs, and you are 10% or more disabled from the VA.

SS benefits can be TEMPORARY or PERMANENT based on retirement S.S or disability.

So here I am today...Long story short, I am in a wheel chair and have been on disability for about 5 years.