As for the extra dollars unaccounted for, it could be a number of things - repair persons fee, management fee, failed repair, etc.

Repairs vs. capital expenditures.- Find out how long the provider has been doing cost segregation studies and how many they have performed- Consider the resources available to the provider.

The house needs a lot of work with repairs and upgrades.

Thanks,JaredI'd only pursue this if there is an big upside for appreciation, or if you planned on keeping the house forever as a rental.Run the numbers, subtract 15% a year for vacancy and on going maintenance and repairs during each year, subtract 15% per year for maintenance and repairs to get it market ready once you decide to sell it.Example if you were to keep it for 5 years and sell at the end of five years:12x$200=$2400 year gross profit15% for vacancy, maintenance, repairs ($-360.00 per year)= $2040 gross profit per year15% set aside to repair, repaint, replace to get ready to sell on market = $1800 $7000-$8000 net for 5 years of rental.Appreciation over the term you would keep it would be the only incentive, and it could be a big reason why to rent it.

Too many people are scared of townhouses and condos, but you are protected against a lot of the repairs of single-family or multi-family ownership.

If the HVAC goes out the warranty will pick up the repair and/or replacement.

Then all you realistically can do is manage bookings, delegate to handymen for repairs and hire cleaning service.

@Derek BellWhat would the after repair cap rate be with a 362,000 NOI?

Yes, I would contact the pest control company and demand they pay the cost of repairing this.

How much will be due in repairs over the next five years?