The shelf life of most appliances runs 10 to 15 years so I typically start my capex relatively low and then as my appliances age slowly raise it.

I bought my first rental property in 2000 for a relative and before I knew it he had paid for the house.

Podcasters...for anyone breaking even or actually making money off your (real estate related) podcast, I'm wondering if you can point me to ideas on how best to grow number of listeners, if and when to add advertising, and generally how many downloads/listeners you achieved before breaking even? 

Some of the cost that you might be able to write off would be your operational cost for your partnership (LLC) that is not related to renovating the houses.

My name is Bleau (Blue) Deckerd and I am a relatively new investor from Cape Girardeau, Missouri. 

In my state, it costs a minimum of $3500 in legal and related fees, plus (in reality) 3 months lost rent, to evict--and that's best case. 

I think a bank's minimum loan amount is going to be AFTER you pay the 20-30% down payment they will require for a non-owner occupied property.If you have decent credit, you might be better offer trying to get a personal loan, since it is such a relatively small amount.

@Sarah Dawson,  I can relate about concerns for finding inventory on what can be considered a viable note. 

This particular property was quoted at $80 per month but relatively close to what I had heard from other people. 

Looking relative to some of the properties I’ve seen in the area, 1% seems difficult to attain and 2% seems nearly unfathomable.