@Faith Riddering where are you getting your numbers. Vacancy of 5% is 1 month out of 20. I use 8% 1 out of 12. CAPEX of 6% = $69 . Examples of capex. Roof $7500 / like span 25 years / 12 months = $25 per month. Flooring 1200 sf @ $6 sf = $7200 / 8 year life span / 12 months = $75 per month. 2 items exceed your $69 budget. Still have to account for hot water heater, HVAC,painting, minor kitchen and bathroom cabinets, appliances, etc. I use 15% between capex and repairs. I like to underwrite more conservative with a 23% budget for vacancy, repairs , and capex. On a turnover some of the expenses could be in any of the 3 categories.