Any one have any experience? HOA fees are pretty steep, $300 or more. What type of expenses will be coming up that aren't covered?

Tenants pay utilities.  80k cap ex could be amortized instead of fixed.

My tenants requested to break their lease due to threats made by one of their family members ex-boyfriend.  

Since I do target the 15-20 year old homes, they normally have the original roof, AC, plumbing etc. so I pay attention to that and set aside cap-ex funds accordingly. 

I believe I'm running my numbers correctly, but would love some input.Purchase price: $99,000.00ARV: $150,000.00Improvements: $2,000.00 (home is rent ready, but needs fridge, dishwasher, and a cleaning)Closing cost: $5,000.00Mortgage: $531.00Property tax: $320Insurance: $85Vacancy: 5%Maintenance & repairs: 5%Cap ex: 5% (I'd generally do 10%, but this is a townhome)PM: 0%HOA: $300Potential rent: $1500-$1600Potential monthly cash flow: $40Cash-on-cash return: 9.5%Total Equity: $50,000.00Here's the deal.

I assessed the damage and texted the ex-Tenant that from his $1600 deposit I was only returning $200.

I assessed the damage and texted the ex-Tenant that from his $1600 deposit I was only returning $200.

I assessed the damage and texted the ex-Tenant that from his $1600 deposit I was only returning $200.

HelloMy ex-landlord is threatening to sue me for water damage I caused due to watering a flower bed in the garden.

If its a new unit, then you can get away with your cap ex budget but if not then make sure you have some other $$ set aside for things to go wrong.