Expenses for a Property

[Eric Sipe]

Hello all,

I am in the process of preparing for my first purchase. While I am in the property analysis phase, I want to verify that I have all of my expenses accounted for. A little background that might be necessary: I am "house hacking," so I will be living in one of the units and renting the other one or two units (in a duplex or triplex); I am eligible for a VA loan with 0% down.

Here are the expenses I currently have listed to account for: property taxes, property insurance (any specific kinds?), utilities not covered by the tenant, vacancy, repairs, CapEx, mortgage payment, and once I move out, I will add lawn/snow and property management.

So, are those the only expenses I need to account for (other than down payment, closing costs, rehab, and pre-rent holding costs) or am I missing any? I just want to make sure that I don't screw up by using the wrong numbers and then getting the wrong cash flow amount and CoCROI.

Thanks!
Eric