Ex.

Tax; Vacancy; Maintenance/Cap Ex all seem not conservative enough. 

Who do we need to find/identify for our team (ex: attorney/CPA/etc) before we should proceed with that first offer?

.; schedule showings and analyze feedback; assist with and analyze offers to insure you are protected, (ex., avoiding those trying to tie it up to resell or not really qualified, clarify costs involved or strange terms in offer, etc.); guidance through inspections (as many sellers get emotional and lose sale during this process), coordinate required repairs, resale packages, comps for appraiser to help avoid appraisal issues,  pest and moisture reports, walk-through, etc.   

I once took an ex-tenant to court, got a sizable judgment as well as a court order allowing me to garnish their wages to collect what I was owed. 

He thinks it was his ex girlfriend but could never prove it.

Rents are $17,700  with tenants paying their own utilities and total costs are $12,030 including the mortgage payment.(10% management $1770, 5% vacancy factor $885, maintenance $885, lawn care  $900, 10 % Cap ex $1770, Payments $5820)This leaves $5670 dollars a year in cash flow for a ridiculous 56.7% cash on cash return! 

I am looking at a deal just north of Houston that is 2 4-plexs on 1 lot, and I wanted to double check on cap ex and maintainence numbers.All city utilities, flat roofs, built in 1966, updates have been done, some new ac’s.

When I evaluate what I can pay it is based on gross rent minus taxes,insurance, mortgage payment, cap ex, maintenance and vacancy.

But them got hit with huge cap ex and made me rethink things.