It becomes a nightmare in this case or if none is wanted in moving it out and storing it. 

Most paint stores or hardware stores have them.

@Joshua Cayton You can rent a PO box from a UPS store for relatively cheap, that's what I would recommend.

You have enough to take down the deal and some in reserve for the unexpected.

I would budget $90k-$150k for CapEx and reserves.

If an applicant meets all of our requirements except one (everything looks good, but they have a 580 credit score, for example), then we reserve the right increase the deposit requirement.

Is this a single family home that could be used even just in part as a store, service, eating place, office etc..?

Also thinking to have it property managed by Vacasa, which takes a moderate commission, but could be worth it since they handle everything from reservations, guest support, cleaning, and everything in-between.Would love to hear your thoughts and experience on this strategy!

I would always have some type of reserves from day in the bank account.

These add to your balance sheet net worth and is recouped upon divestment of the property.Things you need to subtract from cashflow to get profit:- Accrual for capital expenditures and maintenance (sometimes referred to as reserve)- Accrual for future vacancy- Depreciation if you are accounting for taxation purposes