You can use the IRS definition but I consider any single item repair/replacement over $500 that has (should have) at least a 5-year lifespan as a capital expenditure.

Remember, it's not just your cashflow you're increasing, as looming capital expenditures aren't stopping their increasing costs because of your good intentions.

Annual return on each property (income-expenditures)/cash invested in property.

Neighboring resort has > 70% occupancy all the time and we know their total revenues, but dont know the exact net income after all operational expenditures.

There are several expenditures (website, office, etc.) that could apply across multiple LLCs.

I am very opportunistic, that being said, even if I did go the duplex route the thought of having such an open opportunity to make additional capital with no real expenditures = crazy ROI.

There are reserves for repairs, reserve for vacancy, reserves for "CapEx" (abbreviation for capital expenditures), reserve for anything that comes up in the future.Let's say I estimate that $65 every month goes to the water bill and only $50 is the actual.

I don't know if I should go to the banks now with a loan application to obtain funding for a multifamily now, I have rented it for over two years, so I might be able to show rents as revenue with Fanny Mae for debt to income ratio purposes.This sfh is worth about 125k more than what I owe on it that’s:Out of my areaRented until April 1Break even after capital expenditures I was thinking about buying a multi family on a 1031, but I don't want the 45 day rush. 

And having to dust off your Credit Card might motivate you to keep close reign on those expenditures (but then paying it off quickly will have the benefit of helping your Credit score)?

You need to account for capital expenditures.