I think one of the key errors many investors make is to scale maintenance / capex to revenue. 

An "average" outcome is less likely, unless you're just buying already turnkey-ready properties at retail price with tenants already in place paying market rents (which of course would be built into a higher price), etc.With a REIT, we're out of the "hand picked" and "hands-on management" world, and into a committee/bureaucracy world where we're going to error on the conservative/safe/orthodox side with little innovation or one-off highly property-specific type solutions.

My wife and I (newlyweds) are looking to purchase our first rental property in Victoria County. What is the minimum amount of money that you would ideally like to have in savings after putting down a 12-15% down payme...

  (1 night my kitchen sink started pouring water into the basement to see a rusted elbow, most likely from constant draino)  could have saved the money spent on water jetting - rookie mistake.  

Thanks for catching my error @Logan Allec.

(not likely the one on signing day but the one where they figured the errors and refunded)thanks

I feel like there is an error (probably mine), but I can't for the life of me understand why it's showing that I will be paying $6k in P&I if I am putting down 25%.I've attached some screen shots - can anyone tell me what I've done wrong?

They need some trial and error, hit some doubles, singles, maybe strike out a few times.

I feel like this was an egregious error in the process.

There was a few errors when I tried to submit the post, and it ended up triple-posting the same message!