Jodi and Neal, friends who I helped buy a duplex in Echo Park a few months ago, are writing an awesome blog documenting their experiences as first time landlords: soweboughtaduplex.blogspot.com.
The most recent entry describes their first landlord emergency, involving a clogged pipe and a weekend call to the plumber. It’s a great reminder that landlording is a business and businesses sometimes have unexpected costs / problems / etc. All you can do is just try to make sane, rational decisions, fix the problems, and move on.
Over time, you get better at it and the problems seem much less scary.
Definitely check out the blog.