You should also request management reports each month, so you are able to keep track of the expenditures and monitor what they are doing.  

(finance with 25% down(down payment 20% + 5% closing cost)Year 1 Goal - 4 Unitswe will need $100,000 just for down payments to procure 4 UnitsSo lets breaking down numbers and see if we break even:Assumptions:You have a steady income (job)Price - $100,000 per Unit (various markets)1% rent - $1000 per UnitMisc expenditure = $1000 / yr (vacancy, repairs or anything else)Turnkey PM fee - 8% = 960/yrMortgage(30 yrs) + Insurance   - 5%($429) + $80 + $163  = $672  (monthly payments)Cash flow - $328  ($3,936)$3,936 x 4 Units = $15,744Year 2 Goal - 4 UnitsWe only have capital of $15,744  we are short of $84,256I would request BP community to provide opinions on how to move forward with Year 2 Goals ????

The core Personal Consumption Expenditures price index (better known as the “PCE index”), the inflation indicator favored by the Fed, will come out on Friday (6/26).Calendar:Monday, 6/22: Existing Home SalesTuesday, 6/23: New Home salesFriday, 6/26: Core PCEWeekly Change:10-year Treasury: flat 0.00Dow Jones: rose 600 pointsNASDAQ: rose 400 points

Trying to figure out how much I should plan on saving in my current area (to get familiar with the process of finding info for areas) and I’m just curious as to how much I should plan on putting away for repairs and capital expenditures

It does not take into account taxes (lower here), insurance (rare if flood insurance is required), capital expenditures, or repairs & maintenance. 

I set my cash flow aside so I can handle capital expenditures, vacancies, and even tenant damages not covered by the deposit.

Like what percentages to estimate for repairs and cap expenditures etc.  

Does your number include capital expenditures and turn over?

Does it appear on my personal taxes (both income and expenditure)?

For the details…Owe $378,712 (just refinanced to 3.25% 30/yr fixed VA); need to put $5,000 into house = $383,712Updates needed: pool liner $3,000; re-paint kitchen cabinets $2,000 (bad DIY “update”)Likely sell price $410,000 (up to $430,000…but staying conservative)$410K: $385,400 (after 6% realtor commission); $382,000 ( after $3,400 towards closing)$383,712 - $382,000 = $1,712 out of pocket to sellRent = break even with mortgage, insurance & property taxMaintenance, capital expenditures, vacancy = $4,000 annually ($333/month negative cash flow)$625/month going into equity from rent - $333 expenses = $292/month overall “benefit” of renting out towards mortgage principal -House is at/above average for the area, so rehabbing/improving not beneficial-“Gaining” $4,000 in equity per year, not taking into account appreciation/depreciation -Selling doesn’t really free up any capital -Selling would allow for regaining VA loan benefit-If we sell/rent, we’ll likely buy a home for half of the cost of this one, which will be more profitable to sell/rent when we leave