They're not that expensive and I think are worth a bit more than the cheapest non branded faucets out there...

@Isaac Bazek Atomic Habits, the E Myth Revisited, Rich Dad Poor Dad, Never Split the Difference, The Seven Habits of Highly Effective People, and How to Win Friends and Influence People.

Hey BP, I'm brand new to the real estate world. 

However, just before the tenant moved into the property our PM discovered the brand new water heater we just installed had been stolen (there is outside access to the utility room and even though there is a metal security door they had ripped it off).

Hi all, I'm brand new to real estate investing.

When I was investing in Fishtown/Kensington, north of E Lehigh Ave was a major price drop off.

And no one has necessarily "passed up" the deal yet if it's a brand new listing. 

We are brand new to Bigger Pockets as well, just started my first podcast today!

I've seen this relaxed to 2.5X depending on location and the price of your unit. if rent is 4k a month then 2.5% is 10k a month gross that gives them 6k a month before tax to live on.. if rent is 700 a month I think it needs to go the other way  4X  that gives them 2100 a month to live on as opposed to 3X were they are living on maybe 1k a month that's a pretty precarious situation for many one flat tire and rent gets missed :)  I am not saying you are wrong in the intent to make sure there is enough living money, but in practice I have found that my cheaper units (class C) have the tenants paying a higher percentage of their income to rent and they simply live on not much money.My B class properties can get tenants easily at 3X the monthly rent (start at ~$2.5K (3 BR) and go up to ~$4K (3 BR)). 

Sure, a brand new Hvac system is pricey, but it will/should last 20-30 years and I feel I’m making it back because my tenants can afford to rent my unit, ie less turnover.