Ended up that we had to pay $12k for a $7k roof, because of the low supply of roofers and high demand of roofs...and tenant with an active leak.  

But must be verified by 60 day history, and must be a gift with no requirement to pay back.Reserve Requirements 3-4 Unit owner occupied properties must have 3 months PITIThree (3)- and Four (4)-Unit Property The maximum mortgage amount for the three (3) - and four (4)-unit properties is limited, so that the ratio of the monthly mortgage payment, divided by the monthly net rental income does not exceed 100%, regardless of the occupancy status.Livable Conditions The property must demonstrate the following characteristics: A continuing and sufficient supply of safe and potable water under adequate pressure and of appropriate quality for household uses.

I'll let you know if I come across a smoking deal here on some acreage. 

But must be verified by 60 day history, and must be a gift with no requirement to pay back.Reserve Requirements 3-4 Unit owner occupied properties must have 3 months PITIThree (3)- and Four (4)-Unit Property The maximum mortgage amount for the three (3) - and four (4)-unit properties is limited, so that the ratio of the monthly mortgage payment, divided by the monthly net rental income does not exceed 100%, regardless of the occupancy status.Livable Conditions The property must demonstrate the following characteristics: A continuing and sufficient supply of safe and potable water under adequate pressure and of appropriate quality for household uses.Sanitary facilities and a safe method of sewage disposal.

Our months supply of homes is down 25.9% to less than 4 months.Scott H

By following a disciplined guideline such as this, you never buy trash properties that run high costs, you never buy excessively costly properties that the average american cant afford to buy from you if you chose to liquidate, and you maintain a profit margin of your desired end point.Obviously as well, you can tell that you are more limited in the types of properties that you can buy, and where you can buy for obvious regions, but in higher populated regions, rents are always more expensive simply because of supply and demand.

This will be my first deal on my own, as the last one I did was a partnership with my dad where he supplied all the money needed.

(Last time I bought a ball/receiver for my pickup I noticed they had different weight ratings for both the receiver and ball, I just bought the highest they offered at Tractor Supply in both categories...do not have a goose neck hitch installed.)Sorry for the question is the wounds are still raw - would like to learn from what happened as I tow from time to time.  

I am trying to put together a list of standard supplies for my properties but am kind of overwhelmed.

It is a simple supply and demand issue with them...low supply increases the demand.