I understand guests burn through a lot, but there should be plenty of downtime while they sleep or are out of the house that would enable the reserve to build back up.Your well would need to pump 2,000 - 3,000 gallons a day (125 gallons per hour) to keep up.

For those that ended up under water after 2008 the assumption would of course be incorrect.Those that purport buying a personal home as being a good investment or the right decision are only correct during up times and incorrect during down times.

With the right tools and mindset, you'll be well equipped to capitalize on any upturns while also laying a strong foundation during downtimes.

We sign 1 year leases so we do not have down time or off months.  

@Todd Pultz Google California Civil Code section 1695 for a full run-down.  Timing

You'll need to account for downtime and out of pocket costs while you hold the unit during construction.A 115 YO Triplex is probably due for some TLC in the CapEx arena.

So, generally I will work a 12-14 hour day from home and I listen to podcasts and audio books while I work in my home office, and check BP and MLS in my down time.

So maybe only one or two meetings a day with some down time in between.

Let's say I can raise rent 5% - if the tenant balks, I'm looking at a broker commission of 7k + cleanup/paint + possibly new carpet + 1-3 months of downtime until a new tenant actually moves in - $30k+ range. 

So there is no downtime from taking calls.