In the event that I dint grow and end up with a few rentals, is an LLC worth the expenditure.

So I did the rookie move of taking the generic capital expenditure numbers from a book as a starting point for cash flow evaluations.

I'd probably need a lawyer like Adam suggested which would add to overall expenditures.

Also how should I determine maintenance costs and what sorts of capital expenditures am I looking at over 10 years+ that I need to consider.

They fail to take into account property management cost, maintenance cost, and capital expenditures.

The rehab is tricky, as you will want to fix anything with less than 5 years of life left to reduce capital expenditures in the near term.

He operated as if we didn't own those.I have been making upgrades and improvements on each unit as it turns, and I was curious what tools, or management software you guys use to track your capex expenditures for your property?

The bad news is that if your monthly payment is $1400, you are probably not going to cash-flow when you factor in vacancy, repairs, capital expenditures and property management.

@Johnny StacksThe list of items you must cover to make profit includes but is not limited to:Mortgage, insurance, vacancy, capital expenditures, repairs and maintenance, management, advertising, condo fees, taxes ... and on.

You’ll need to set aside a percentage for capital expenditures (water heater, HVAC, etc) i have generally heard about 10% of the rents is a good number!