My primary home has a limited upside (after all, it's a TH), and we don't see the rent outgrow the mortgage payments in 2-4 years (it's ~$4600 vs $7500 now).

However, I have another property that puts me over the $750K limit. 

I have about 50k set aside that I’m willing to sink into my first deal.

Because what I mean by those "unexpected repairs" is that I simply set aside a set amount of the gross rental income each month as sort of a safety net aka just incase money for things such as a leaking pipe that I didn't know was going to happen before it happened thus it was "unexpected"So... technically I can't take out that 1% because that's just my own safety net savings I set aside but from that savings if something does happen that year and I have to make a repair that does end up as an "operating expense" since I have now spent that money and not just set it aside like with the unexpected repairs moneyHope this isn't too confusing to understand but now that I am reading over this I think I have answered my own question :D

Louis market.A realistic estimate for your financial breakdown would be to set aside 60% of rental revenue for costs.

How do we set the LLC up to make sure it's not going to be considered when looking at bankruptcy issues.5.

This price increase is largely attributed to the limited supply, which is not meeting the high demand.

Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsGood luck on everything!

We may request additional docs, or co-signer, depending on what has turned up, giving them limited time to produce them (usually one or two days max, depending on what is needed).Once we have any additional requested docs or info, we make a decision and either send out (mail or email) a standardized denial letter, or call them and advise they have been approved.

Setting aside a percentage of the rent for capex and repairs sounds like a good idea, and for some it is a good idea.