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What expenses should I factor in for a rental purchase?
I want to make an excel spreadsheet to help me compare properties. I know BP offers a calculator but I like using excel.
So far I'm factoring in:
Purchase price, mortgage, closing costs, rehab, taxes.
Also utilities like Electric, Water, Garbage, insurance, other ecepenses, including vacancy & CapEx.
And of course, income.
What am I missing (most importantly on the expenses side) that I need to consider when deciding if a deal is a good rental purchase or not?
Thank you.