I previously bought/held/flipped in San Diego which worked out well for me but wanted to gain a larger portfolio than was capable in CA.I am also developing a vacation rental estate in Rusutsu Japan.I look forward to being apart of this community and I hope I can add useful information to this already abundant source of knowledge.Thank youBrian

@James Carlson @Lucas Carl We have a pool & spa at the property so most times we have trouble with the guests leaving the heat on overnight or running it excessively.

Gas company found a gas leak and also said there was excessive carbon in the furnace.

When you receive larger income, place the excess amount into these accounts.

Excessive vacancy and/or deadbeat tenants combined with significant initial repair/CapEx costs can really set you back.

just curious of actual cases (a) No landlord may require a sum in excess of two months' rent to be deposited in escrow for the payment of damages to the leasehold premises and/or default in rent thereof during the first year of any lease.

You can't just "want" to rehab - you have to be capable of doing it 

Since FNMA will not allow IPCs in excess of 2% of the purchase price, we went with a $1,700 closing cost credit + a reduction in the purchase price of $2,300.

Which I have had to get rid of on deals to make it work, but it seems a little excessive in a sellers market.

That seems excessive.