This would constitute a cap ex (capital expense) and there are many of them, not just the roof.Vacancies, repairs and maintenance, tenant damage beyond the security deposit, property management (does matter if you self manage, you don't work for free so you still must calculate it as a cost in your numbers), accounting, advertising, utilities, and the list goes on.From what you have posted on numbers, I can assure you his is a cash flow loser.

The cash flow will be deposited into a bank account where it will accrue monthly and will be untouched.

The property manager sends us the Owners statement and deposits the money into our bank account monthly.

We refined it into a plan, gave her a deposit only bank card and, for the two years she was our tenant, her rent was never late.As I often say, we are an accommodation service provider, working to become a lifestyle service provider, and not merely a landlord.Another thing we are doing with our student rentals is offering them {partially} furnished - living room, dining area and bed, dresser, desk & chair in each bedroom - at an extra $25/month per furnished bedroom.  

For instance, I have a tenant in my property now who I did no credit or background check on, and they gave me no security deposit. almost everyone one the forum would say this is an absolute DEAL KILLER, and I would always agree with them....yet I did it, and I doubt I'll ever get a better tenant in my career (seriously, they are a dream).

Annnnd, I read on here somewhere that the person I assign my contract to, the assignee, needs to put a security deposit down.

Earnest Money - Do you state that an amount in addition to the $10 will be deposited in however many days?

Should I take money off tenant's deposit?

Freddie Mac requires 2 years Fannie Mae does not you can use rental income instantly as long as you have a signed lease agreement and can document you've deposited the security deposit into your checking account.

Hi Thomas,I think your numbers became messed up somewhere.It's good to not include coin laundry as that fluctuates up and down in residuals versus the flat rent.549 X 4 =2,196 a month X 12 = 26,352 yearly so correct there as long as you have verified this is market rent with no security deposit concessions or first months rent half or off to get the tenant in.Next I would look at tenant loyalty.