I don't quite see the benefit of putting only 3.5% down unless you want to get started investing sooner than later.

In general I use somewhere between $100 and $150 per month with the additional assumption that I have funds to cover things that need to be done sooner so I'm not relying ONLY on these set-asides but using it more for the overall cash flow calculation.So with my approach that one lump sum would be between $350 and $400 per month.Excellent that you are running your numbers in a logical manner!!

If you have a mold problem, you'll want to know sooner versus later so it's a cheap date to correct. 

After all, someday (sooner or later) an eviction will probably have to be done and that lease will be part of all the documents presented in the case.Sooner or later you will need to do an eviction, which means sooner or later you'll need to contact an eviction attorney.

I could continue to do the same thing now for work, and try and get involved in REI sooner than later.

Yea HOA is $274, which provides lawn, pool, gym , and a sports complex which I feel helps get us the $1250 for rent, without all that I’d imagine it would get 900-1000.... thanks for your input!

If something has a very short term maturity, you may be forced to pay that one down sooner.  

If it was before, there may be a small argument that you should have made the decisions sooner.

Especially if you owned this property for a while and haven't done any major updates recently, you're likely going to be looking at some larger expenses sooner rather than later (ie when did you last replace the roof, the flooring, the HVAC, the water heater, etc).

Sooner or later the guy is going to find someone and you're out.