. $6000/10 year life span/12 months in a year= $50 per month for flooring capex.You won't be able to replace the roof 25 year life span, appliances and hot water heater 12 year life span, hvac 20 year life span, bath and kitchen remodel 20 year life span.

Updates include custom kitchen, updated baths, new windows, new door, modern laminated flooring throughout with new baseboards, tankless water heater, new light fixtures, beautiful landscaping.

It don't believe anything other than the roof and hot water heater has been updated since the 50's.

In high cost markets that is a cozy two bedroom.

Oops.I think a lot of real estate investors are dipping their toes in the water and thinking they'll make a killing.

The PROS of condos IMHO are the maintenance factors are pretty low since you own from the walls in and maybe a small patio area while the HOA's take care of the exterior maintenance, roof, building insurance, water, trash, sewer.

I also have to cover some of the mortgage every month and I pay the water bill.

Water/sewer/septic inspections? 

Here is what I put in the calculator - - 20% down of $220,000 so my down payment is $44,000 - Purchase closing cost of $4,000 - The mortgage rate of 4% with a 30-year term loan - Property management fee of 10% a month - The rent charged for a month $1,650 - Property tax $220 a month - Insurance $77 a month - Repairs maintenance a month 5% - Vacancy rate a month 5% - Capital Expenditure rate a month 5% - The tenants will pay electricity, sewer, gas water, HOA fees, and garbage Can someone tell me If I miscalculated something or did something wrong?

Minor plumbing, run water lines, tub and shower drains to mains, sink and toilet installs.