Do you consider the capital reserves part of the cash flow?

[Adam Williams]

I've been running the numbers on a bunch of places and the cash flow after all expenses often comes out to be between $50-100/mo. Since I'm targeting $200+ in cash flow, the deals don't seem to work. However, in my expenses, I'm setting aside money for vacancy and capital reserves. If I include those dollars, then the cash flow will raise to above $200. At times, it's $300-400.

So, when considering the cash flow for a property, would you take a deal that cash flows let's say $75 knowing that with the vacancy and capital reserves, the deal actually cash flows $200-400?

Thanks!