You need reserves to hold properties.Your area market vacancy is relevant to cash flow assumptions but not to reserves or holding costs.Consider these aspects;Tenant has a crack party and they get busted and the health department shuts you downFire damage, you don't get an insurance claim paid the next day, I never did.

The software the they claim is very very exclusive, is literally just a copy of a cheaper software that's available to the Public that does the exact same thing.

To some degree, those numbers are made up, but they are not unrealistic.

The LA market that im moving to is a bit unrealistic to start with and the more and more i read here and elsewhere remote/long distance investing is very feasible and can be successfully done.

I just got an email from the listing agent and she is claiming (without submitting my response to Fannie Mae) that seller will NOT pay for it. 

The ONLY way the problem can be fixed is by replacing the line.The seller claims 'problem has been fixed', so he should be able to provide proof of this.

It opens the brokerage up to possible claims for E & O and state commission issues for license law violations.You being an agent are looked at now as being trained in contracts and have an advantage over a regular seller.

Its a barbershop , its a cash business , he claims every thing he makes .  

Couple other things: - get weekly vacation rental liability insurance, most normal policies will not cover claims if they can prove you rent more than 3-4 weeks a year.

Hey Gang,I hired a paving/ashphalt company to pave the driveway of an investment property.  Paid $1500 in two installments, and am completely unsatisfied.  At first there was some stones/pebbles mixed in the top layer...