actual mortgage, actual taxes, actual insurance, actual capex.with that said it will probably be closer to the 50% rule than using teeny tiny percentages for vacancy, repairs, capex, etc.

If you buy in at a good cost basis with solid fundamentals, you're going to come out ahead in the long term.

If the continuing maintenance and repairs are more than you can afford and make the property cash-flow negative, I would sell and hope that the repairs I made and the appreciation would earn me some profit.

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.

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

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

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.

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

I would say this to make sure you are planning your financials ahead of time to keep your options open and help you be more flexible when working on deals.

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