The number one thing for you to do is to determine your exact strategy, and stick to it until you have enough knowledge/income to expand. 

You would be able to easily plan on 5% of gross rents to cover anything that comes up.  

I deduct all my expenses and once I've grown my portfolio I can easily look at what's my actual cash flow (after expenses) per unit.

Occasionally on a complicated transaction, I can see out contract package in Maryland/DC expand to 100 pages.I think the length of our contracts is proportional to the amount of lawyers we have in the area, since we have the most lawyers per capita by a huge amount here.

ask around, if you ask 20 people who know the area you should be able to get within $100 easily. also, craigslist should be useful.rent-o-meter is ok, sometimes it's off.

It just feels extremely low over the long term if doing proper CapEx or full turns/remodels over a period of time.Not trying to be confrontational, simply curious of what they were.As this is a mature, long term B&H, you are correct, a new purchase could easily find 30% to be unobtainable.

In very good condition.Market is hot in the area right now and we can easily sell this home with multiple offers.  

If by some chance you have a damaged piece in the middle of the floor, you can easily just cut that piece out and put a new one in.

Really depends on what you want to do/where you want to go.Me personally- Just sitting on 10k, I'd stick it in an REIT since it's easily liquid like any other stock.  

Passive income is necessary to be able to expand your investments going forward.