Is there like a percentage recommended to have available for maintenance and CapEx going into your first rental property?  

I have a carpenter friend who will provide some labor and oversee all of the construction, for a percentage of the net profits. 

With percentage rates as low as they are now it's a fantastic time to lock in a solid rate.

I can't comment on the percentage, but I don't exceed one months rent for this cost.

Even if your getting a 12% return vs. a 15% return, the mentorship May be worth 3 percentage points. 

It's close enough to the max FMR that I have no issues with this.Average Rent = $1,385/unit.10% Vacancy = $277/mo.10% Property Management = $250/moTaxes = $120/mo.Insurance = $200/mo (rough estimate).Water = $150/mo (paid by LL)Garbage/Lawn = $100/mo (rough estimate)P+I = ~$885/mo (estimated 5% interest rate over 30 years, full asking price with 25% down).I realize that some of the expense percentages are a little on the high side.

What are the typical equity percentages?

And, as long as some percentage of the population remains wary of crowds after the economy opens up, it will have a depressive effect on the economy, and that will ripple through the economy negatively.It's hard to recall now, but if you look back at the Great Financial Crisis, you see many economists and politicians denying that we were in a recession, and then denying the recession would last long; denying there was a housing bubble, and then denying that there was a housing crash.I think it's just too early to make any solid predictions, other than long-term trends continuing or accelerating where the driver is cost savings.Though I would buy a heavily discounted multifamily property a block away from an Amazon distribution center right now. . . .

, and hold long-term for passive income.I got some of the above percentages from a webinar I watched if I remember them correctly.

How a property is managed determines a huge percentage of how profitable or successful your investment will be (not just the initial purchase price).