This one also has good tips for dealing with people you will meet.If I had 200k to invest, I would save half in a savings account for when it is needed, and the other half on marketing.

The rental property analysis tool will calculate all of this for you:http://www.biggerpockets.com/recritic.html(It's not a replacement for tax advice, but it can help you better understand the calculations and let you see what happens when different assumptions/values change.)

I'm taking on a new project, which will require repair/replacement of majority of the electrical wiring facilities.

Check the filters and see that they are promptly replaced if dirty and tenants are notified they are not maintaining the equipment properly.

I am going to need a plumbing stack replacement in the next few weeks.

One unit needs the carpet replaced.

When you first said Portland I was not sure if you meant ME or OR.Thanks for the tip John.

I've read the tips from other investors suggesting using a $500 finder's fee, or similar wording.

I remember reading in someone (maybe Groucho Marx's) autobiography, about getting stock tips from a shoeshine boy and an elevator operator prior to the 1929 stock market crash.

There are some other things, pvc drain pipe from kitchen is broken from the sink to the sewer line, replace the gas water heater with a electric, a couple broke windows, storm door.