You may drastically lower your living expenditures and increase your capacity to save for future investments by renting out some of your units while you live in others.Starting with a duplex or triplex is a sensible choice, given your aims and money.

Your capital expenditures should be low, especially if there is a warranty on the work.3.

For emergencies, I could move money from my 401k to an IRA to cover vacancies and capital expenditures.

With $60-70,000 worth of upgrades including capital expenditures value will stand at $800,000.

You certainly could include 5% capex, but this seller has not as the home has been recently renovated or newly built, meaning you would not expect large capital expenditures within the first 5 years at least. 

You will need to maintain the property with repairs and eventually capital expenditures as well, plus rentals don't stay occupied 100% of the time and renters don't pay 100% of the time.

Cost Side Analysis: Understanding operating expenses, capital expenditures, and strategies for effective cost management.2.

Most of my monthly expenditures auto process around the tenth of the month so I have to keep twice the normal capital in there to ensure my expenditures don't process prior to the rent payments.

Get a deep understanding of what the income and expense for the properties are and try to identify future capital expenditures that might need to be reserved for.

BUT, a capital expenditure or some vacancies & your ROI can be wiped out.