Budgeting for House Hack

[Tyler Segebarth]

Hey guys! 

So I recently got my first property under contract, a duplex that I plan to house hack. The numbers look pretty good to me, but I'm hoping someone can help me with a question about budgeting.

When looking at my budget, should I be setting aside money for Vacancy, CapEX, and Repairs? Cash flow is around $97 without accounting for any of that, and at 7% for each, I would be cash flow negative by $70 each month.

I'm curious to see what you guys have to say, especially my fellow house hackers!

Tyler