Duplex in north Florida

[Derek Hedgespeth]

Hey Guys,

I am in the process of acquiring a duplex in north Florida. I am not a pro subscriber yet but I was able to use the calculator for free. I have a couple of questions. First, the purchase price is 150k with around 38k down. It has a well with city sewer and the renters are responsible for electricity. The garbage pickup is figured in with yearly taxes. I forecast that payment, taxes, insurance will amount to around 800 a month while collecting 1400 in rent. Is it safe to assume a lower capital expenditure because it has a new well, tile floors throughout, and a metal roof? I put 5% each for repairs and capital expenditures and according to the calculator, it should flow just over 500 a month. 

Secondly, do you guys put your cash flow in a separate account for all of your properties? Is it easier for tax purposes, and then if a repair needs to be made pull it out of that account? Thank you for taking the time to read my post!