How do you track (if you do) the separation of funds earmarked for cap expenditures, taxes , and repairs and all those separate categories?   

@Matthew AllenHi Matthew,I don’t I fall under the category of successful, but I am a starter rookie who is looking in the AZ market to start investing in.

@Jake Silverman there has been a strong market on the islands for numerous years, recently Kauai saw almost 100% appreciation in less than 2 years so the market is slowing to correct for that rapid expansio and yes there is the staggering affect of covid as the islands saw unemployment rates above 32%.I am not a realtor but an investor and even my open source research suggests that over 70% of sellers are waiting until the quarantine is lifted, that being said my better half just signed on a SFH below market that needs a lot of TLC but we will be able to see instant equity.

Two adjacent units (in Los Angeles) have reported and caught numerous mice over the last three weeks.

I go through and put all the expenses into categories at least one a month.

Some expense categories I use are:RepairsSupplies UtilitiesAt the bottom of the sheet I have separate calculators that add up any repairs for the month.

For my long term rentals, I categorize my expenses by the SchE categories.

Wanted to hear experiences of others and especially now, I’m finding the Dallas market to be super competitive in the sub $200k category.

Always keep grinding. 3) Network- There are numerous people out there, who you can connect with and create a relationship with, that can help you throughout your journey.

I used to be on-site and hands on with my rentals, but over the years have streamlined to a point where I did all my business over the phone and a laptop. 5) As a result of streamlined operations, I've been able to travel at will all over the world without worry about running down to one of my units. 6) Improved my negotiation skills with the numerous deals that have closed, been rejected, fallen through, all the tough sellers/buyers and their emotions, terrible 3rd parties (agents, title companies, lenders, etc.), and all the layers of people you need to wrangle together to execute a completed transaction. 7) Taught me that no deal is ever done until closing, title conveyed, money transferred, and the keys exchanged.