If you are property flipper or do capital expenditures that affects the asset basis, Buildium is not the correct choice.

Material costs and personnel expense rose alongside interest rates increasing operating expenditures and shrinking net profit.

I would suggest not using $838 as the cash flow figure since you should account for other operational expenses like vacancy, repairs and maintenance, turnover costs, property management (if applicable), taxes & ins (if not included in mortgage), utilities while vacant, capital expenditures, etc.I would assume 35-50% expenses depending on your market for operating expenses before the cost of a mortgage.

But, I don't think you can learn how to deal with tenants, landlord tenant law, collecting rents, evictions, cashflow, contracts, capital expenditures, marketing, clogged toilets, lead paint hazards, dog bites, lot lines, and on and on from reviewing listings.He has a valid concern.

But that negative cashflow is normally AFTER considering reserves for: Repairs & Maintenance; Capital Expenditures; Vacancy and Property Management.

I've reached out to a few property managers for comps and opinions for rent and expenditures in the meantime.

@Felipe Rivera, I hate to be that guy—but having to finance major capital expenditures on a long-term rental is usually a sign that there weren't sufficient reserves in place at the start.

Operating ExpensesInclude estimates for:Property taxesInsuranceProperty management (if applicable, and I would reccomend budgeting 10% of monthly rent for this fee )Maintenance/repairsVacancy allowance (typically 5-8%)HOA fees (if any)Capital expenditures (CapEx – reserve for big-ticket items like roof, HVAC)4.

These properties attract more stable tenants, often require less ongoing capital expenditure, and historically perform better through economic cycles.

Quote from @Jake Arnold: Thank you Dominic, yes I think trying to work with the family on a partnership might be the way to go to avoid the cash expenditure up front.