Hi everyone, I'm planning to move to Cleveland,Ohio and had recently purchased a property.

I recently graduated college - paid for by the houses my parents were flipping while I was off studying - and wanted to find a modest way to give back what I could.To do this, I'm making a tool that lets them scan their receipts and it will automatically upload it to a pre-formatted Google Sheet that they can keep for each property to track expenses and eventually other metrics like returns etc...

It seems like a great deal in the long term, but will be very difficult/expensive to make it cash flow for the first couple of years.  

So my conundrum is do i just keep renting to a new tenant and deal with the maintenance expenses as they pop up, or do i try to get out now before a major expense pops up and just take the little bit of profit (less the capital gains tax)?

The software I use to keep track of income/expense for this property has a category for renovations under capital expense.

If the house is in a horse neighborhood, and has enough land with it for lunging and stabling It seems like it's the owners call if he wants to rent someone with a horse or not.People with a horse are going to pick a place like that if they can afford it, versus a single family home with a yard and a fence especially one of those chain link fences with the little barbs at the top which will tear the hide open on the horse meaning veterinarian expenses.

So take this with the that era in mind.After property purchase I quickly found a tenant willing to pay a rental enough to pay all expenses and leave a couple hundred a month in my pocket.  

Hi SunnyI am new to real estate investing and I am planning to buy my first investment property in st.louis. 

Gap funding from a private lender could be an option and will be expensive.

Our first plan didn't work and we would have had to take a loss if we sold it.