I have spent the last few months listening to numerous BiggerPockets podcasts, reading the BiggerPockets forums, and studying real estate investment books, such as David Greene's "Long Distance Real Estate Investing" and Brandon Turner's "Rental Property Investing".

@Mike SavageI'd just send her a check for your best estimation of the actual cost to her and a mathematical explanation of how you got there.

@John Mocker thank you so much for the explanation.

The tech industry has embraced it and numerous companies are relocating to Texas.

@Joe Splitrock Thanks for reply and the detailed explanation.

From starting my career in property management to now owning several real estate companies and operating as an active investor, developer, and real estate agent, here is some of the best advice I can give you from direct experience regarding how to mitigate and manage home repair costs:Conduct Routine Inspections:Where my best advice (for numerous reasons) is to hire a reputable property manager to help manage your investments, at a minimum ensure you have someone perform routine site inspections at all of your investment properties.

Did you keep the hard money line of credit open and do numerous houses with it or just one?

So far I’ve read “Rich Dad Poor Dad”, listen to multiple Real Estate Podcast for numerous of hours including bigger pockets.

I still own numerous SFR rentals too.The answer to you question is 1) partially of function of the financial numbers and 2) how you value your time and 3) your particular skills and abilities and 4) capital available to deploy.One size does not fit all.

Here's a link to one insurers explanation to it's agents.