i go by what is the most expensive things in a house to replace and the number is normally between  5000-10000 in an emergency fund. 

I recently relocated to Massachusetts from Indiana for my job as a civil engineer.

The reason I am interested in real estate is because I am currently a civil engineering student and have confidence that if I learn this very interdisciplinary skill, then it would be extremely beneficial to my future career through vertical integration. 

Then do your best to understand which of those systems may need replacing in a given year and assemble a long term cap ex budget accordingly.  

House is part of a large Golf community, and renters can pay $15/mo for access to community pool, tennis courts, golf course discount, horse stables, yacht club.My wife and I are engineers and max our 401k's. 

The previous owner removed an old tree from the front yard and I would like to replace it with a young tree, probably a Live Oak.

Instead set a goal to replace your employment income with investment income.If you do not presently have a job you have already reached your goal. 

We have to work through the circuitry that is laid out.Once you understand the circuitry required, you can begin engineering other paths to achieve  your goals.

Within the next 15 years, this home has $50,000 of vinyl siding to be replaced, $15,000 worth of HVAC units, $12,000 of Balcony Decks, $18,000 hurricane roof, $7000 appliances, and more!

I work in the corporate world and make good money now but am looking at Real Estate investing as supplemental, and potentially replacement, income to expedite my journey to financial independence.Looking forward to this adventure and learning from all of you smart folks!!