Generally speaking, the newer the house, the cheaper the capital expenditures.

@Mica Moore I would set aside 7.5% for repairs, 10% for capital expenditures, and 7.5% for vacancy.Gross Rent = $1,600Less-->Expenses: PM $160, Taxes $333, Insurance $167, Repairs $120, Cap-Ex $160, and $120 Vacancy = $1,060Gross Rent - Expenses = Cash Flow of $540/mo, $6,480/yr. 

I am trying to automate as much as possible, I thought doing 6 month inspections might help keep the properties in better shape and limit work and expenditures in the long run by catching problems early and taking care of them sooner.

It's the easiest way to get started and reduce your living expenditure.  

You need to subtract all the variables, like Property management, Capital Expenditures, Repairs, Vacancy..  

This is all revenue from the property minus all reasonably necessary operating expenses.NOI is a before-tax figure that excludes principal and interest payments on loans, capital expenditures, depreciation, and amortization.NOI is what is used to value a property.

I will send an itemized list of expenditures along with your refund (if any).That's it.

Talk to local professionals on your risks for large future expenditures.  

.* Not checking the floorplans and layout to ensure that they’re accurate and workable, leading to considerable expenditure to correct it.* Finding out that the property has foundational or structural issues.* Underestimating the cost of repairs.* Underestimating the work required.* Not considering whether it’s an area that people are likely to want to live in.

I've placed an offer on a 16-plex multi-family building in Memphis (near Trigg) and was wondering is anyone could give me a reasonable expectation on expenditure costs per year.