You don't want to get surprised when you didn't incorporate cap ex, vacancy, or property management into your expenses

Appliances are not included in the insurance claim of what's being covered by insurance since that falls under "personal" items.I am planning to buy a new kitchen set with the Black Friday deals coming up; however before I did so I wanted to see if anyone had any recommended tax strategies in terms of categorizing them as a repair vs. cap ex, or being able to possible deduct the expense or depreciate them?

Great So I have contacted my closing specialist at ten ex  and I have not herd a single thing from them.

My new wife is the polar opposite of my ex and a total rock star.

Other unit is where I see the value add for possible BRRR.Both units currently rented for $1,350 per month ($2,700 total revenue per month)For evaluation sake, I calculated that I had to pay full asking price, $3,000 annual taxes, and $2,000 annual insurance.Self manage the property, 8% vacancy, $100/month maintenance expenses, $100/month Cap ex, and $100 utilities.$64k down, and another $15k rehab to bring the 2nd unit in line with the 1st.I come up with cash on cash return of around 9.3%.

So he is actually still living in a house with his ex-wife, not renting, which is why he is moving.

Ex: purchase price 100,000 gross rent a month should be atleast a $1000.

. = $1000Seller concessions = $1500Total all in = $23,450 Monthly costs Management = $115Cap Ex = $100Repairs = $50Taxes = $107.5 $1290/yearInsurance = $92

@Juan RosadoWhen I look at your numbers with both sides rented out, pm, taxes, ins, repairs, cap ex, and vacancy; this does not cash flow and is a bad deal in my book. 

$150 for repairs and cap ex...