Do you have information on the normal big ticket items such as roof, HVAC, electric and plumbing?

Maybe I should restructure my goals around actionable items that I can control.

This truly is in an A+ location. 95-100% occupancy.I obtained the 8825 form, but honestly am quite new at this and needed some help deciphering line-items.

I usually do 8.3% for vacancy which is one month out of the year but you can be conservative and make the math easy by doing 10%.It's great that all the items are new but a 10% of the rent for maintenance is recommended.

Inspection reports will detail all of this but will cost several $100 for multi-unit, if you rely upon inspector evaluation and you're not able to scope these on your own.Also, the $572/mo expense for the summarized items may or may not be accurate.

Additional items may include a CPA report (not an audit necessarily), all company resolutions, operating agreements, company processes and operating manuals, estoppel documents from tenants, and a whole lot more.

sometimes I feel like I am giving up to much.How do you know when to splurge on items vs when to go cheap.Although I am licensed as a Realtor, I am using a Realtor friend of mine to sell the propties for 1% vs 3%.

Pays for itself after a few years where you would have needed to do a yearly re-seal anyway.http://www.graniteshieldproducts.com/catalog/item/7759781/8279265.htm

And assuming you do itemized deductions and take the interest cost tax break, you are looking at 3-5% or so in actual cost of interest for your home loan.If you can't make at least double to triple that (10-15%) in annualized returns on your real estate holdings, then you need to not be investing in real estate.

One thing my broker brought up is that this may be considered a conflict of interest when it comes to the statement of identity that would have to be signed.The rehab budget is only going to be about $20-30k (walkthroughs for estimates next week) and I will be using subs for most of the work with the exception of some big ticket items like cabinet install and kitchen/bath tiling.