Roof needs replacingSewer or water line needs replacingFurnace needs replacingIf you can verify, via formal inspection, that all these have several years of life left, then you probably only need a few thousand for other types of repairs.

I don't have any average "day in the life" like Paul, who drags a comb across his head and finds his way downstairs to drink a cup.

It's important to document everything and take preventive measures such as conducting regular inspections and keeping a thorough record of the property's condition. 

Quote from @Debbie Nunez: Hi everyone,I’m currently experiencing some significant life changes that are impacting my financial goals.

I know this person is a different case due to some bad situations in life this still applies with him.

For your first property, prioritize location, condition (avoid major rehabs at first), and cash flow potential.

Crazy to think how much bigger pockets has changed my life but I have almost never get on the forums even though I listen every day.

How aboutEarly Emily who asks about early-check in, is told we have a same-day turnover and need the full time between guests to get everything ready for her, and shows up early anyway.Trash Can Travis who cannot find the trash cans for the life of him, despite the printed instructions and information in the interactive guidebook that he's received twice before, and decided to leave trash bags in [the garage, the shed, on the porch, in the driveway]"Where's the Beach" Wendy who still decides that the neighbor's obviously private lakefront beach across the street from where she's staying must be the public community lakefront beach because it's the first one that she sees, despite instructions directing her to the short 4-minute walk down the street to the community beachfront, and the multiple signs, messages, and warnings about not trespassing on neighbors' yards

I don’t hear anyone in the real estate community talking about this , but seems like the Big Beautiful Bill most are hopeful for could be a threat to Section 8:Thoughts? Especially landlords managing properties with s...

Verifying last 2-years of rental history and income/employment extremely important to find the “best of the worst”.Tenant Default: 20-30% probability of eviction or early lease termination.Section 8: Class D rents meet program requirements, often challenges to pass Section 8 inspection.Vacancies: 20%+, depending on market conditions and tenant screening.Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciation.Where did we get our FICO credit score information from?