To be a down payment it would have to go toward the purchase price, but since you're already buying for the mortgage balance, it can't go toward the price.The payment is pretty good if you want to sell it on an LO, but as you've already said, you need more than a year.

We self-manage and found it to be a good balance to not have to meet people to show them the house, just meet them at move in once they’ve toured with their agent, passed a background and credit check, and signed a lease.

I know the amount goes down as you pay off the balance, but it just bothered me.

Hi Bigger Pockets,I am trying to "sharpen our pencils" so to speak when it comes to proper reserve amounts for rental properties and I am having a difficult time finding concrete answers to this topic.

Does anyone have any experience with this type of issues and what do you think is a proper course of action here? 

New windows are really not that much efficient than a properly fix old wooden window. 

If people are moving there, that makes for a favorable investor balance in supply vs. demand... that makes for good appreciation and rent growth usually.

If you choose to use someone without proper credentials it could devolve very quickly into a very expensive series of repairs.

If I am the live in landlord I feel like I could properly vet my tenants and find someone who we can agree with each other on some of these things, but then what if I move out and put other tenants in the unit and they arent able to agree on what temp to keep the ac, who pays how much of the bills, etc. 

You would be breaking the rules if you did and penalties can be up to 100% of your account balance.