New construction is very interesting because presumably, there will be no major capital expenditures required for at least 10, possibly even 15 years.

We also have a local investors group that @Mat O'Grady heads up that is a great resource of tried and true contractors.You should always budget capital expenditures and maintenance into the proforma for any purchase. 

Some basics:Management Fees : 6-10%Vacancy : 5-7%Repairs & Maintance : 5-7%Capital Expenditures : 5-7%Electric : Paid by TenantWater & Sewer : Depends, call around. $100-200 avg for small multi, sfhProperty taxes : Look up on County Records.Insurance : Depends, call around

Would rather build new because I know it’s done right and near nothing capital expenditures, but the ability to cash in at a high price is tempting.

In addition to the mortgage, ensure you account for vacancy, insurance, taxes, repairs/maintenance, capital expenditures (capex), property management (if needed), etc.Good luck!

If you think about it from a cash flow perspective, pro-rating your capital expenditure on an annual basis gives you a gauge on ratable cash flow.

Is it going to need big capital expenditures or fixes in the next 1-5 years (roof/HVAC/appliances/etc.)?

Obviously if you'll live there and have a large downpayment it'll be less.All your listed expenditures are annual, whereas your listed rent is monthlyThat would make your annual income after expenses $11,098, or about $925 a month, or $231 a door, which is above your stated range.I see a lot of people, and I've been guilty of this early in my investing career, throw away a good deal because of a few thousand dollars, which is nothing in real estate terms.

A bad tenant situation or a large capital expenditure can destroy your coc. 

Since we have been confused my wife and I have just been focused on our personal finance goals and trying to minimize our expenditures until we know what to do.