I keep line item entries in a spreadsheet for all of my maintenance and capital expenditures at my properties.

I'm not sure how to estimate the average expenditures just yet, but I will have all that figured out after learning how to acquire the rental history of the property(ies) for the past year and base those on trends (obviously more gas usage in the winter and electricity usage in the summer), and apply those averages to future investments.

@Ryan Kearns based on the info that you have provided, the rent will cover the debt payment, taxes and insurance and you will also have enough to put up in reserves for any unforeseen repairs or large capital expenditures.

We have done significant cap expenditures on it this year though, which I'm sure will hurt us.$6,000 to fill in the old pool, $5400 to repaint the garage and get our EMP up to code, $11,900 blown in-insulation.

Due to me just closing on a property I wouldn’t put forth much of the funds at all, but would manage the property, take care of all maintainence, capital expenditures, repairs, etc.

Gross Rent Income: $1,743Property Taxes: $277/monthLandlord’s Insurance: $238/monthRepairs & Maintenance: 10%Vacancy: 8%Capital Expenditures: 10%Property Management Fees: 10%Electricity: $0 (tenant to pay)Gas: $0 (tenant to pay)Water & Sewer: $0 (tenant to pay)HOA: $33Garbage: $10/monthLawn Care: $100/monthPest Control: $50/monthSnow Removal: $50/month

I will be living in the 1,200 square foot unit for a year (FHA requirement) and rent out the other two.Financial BreakdownWhile living at the property:Rent: $1,450PITI: $1,095Property Manager: $101.50Vacancy: $145Repairs: $150Capital Expenditures: $150Monthly Income (Loss): ($191.50)Cash on Cash Return: -10.5%When moved out of the property:Rent: $2,325PITI: $1,095Property Manager: $162.75Vacancy: $232.50Repairs: $150Capital Expenditures: $150Monthly Income (Loss): $534.75Cash on Cash Return: 29.5%What made you interested in investing in this type of deal?

The current PCE (personal consumption expenditures) Price Index is at 1.8%.

$65K instant equity ad $750/mo. cash flow (not factoring vacancy and expenditures).

The important due diligence I think you need to do is make sure the association is managing the money properly and capital expenditures are being budgeted for.