@Felipe Barreto Very optimistic expenses. I use 8% vacancy, 5% repairs and 10% capex for rentals at $1000 per month or more. Your 4% vacancy is 1 month vacant out of 2 years(highly unlikely). 4% capex or $30 per month. Let's look at roof capex. You have a garage $2000 and house $6000 my estimates. $8000/25 year life span/12months in a year= $27 per month in one item. Need to budget for floors (from 5 to 10 year life span), appliances and hot water heater 12 year life span, hvac 20 year life span, etc. Most beginning investors underestimate long term expenses.
Thanks for your advice and taking the time to check it out Tim!
@Felipe Barreto if you are going to be on the forums you need to learn to tag people if you have questions or want to thank them. Use the @ sign and start typing the name, it will appear, double click it will populate the comment box in blue with their name. Now BP will notify them about the post.
Thanks for the help!