Or They don’t have a clue to what is being spent on these items.

Those that are renting , their rent has gone up , food , insurance , everything but their pay .

@Matthew DavisThanks for the great list, appreciate you itemizing everything in one place.

Food for thought.

@Dan Mahoney Thank you for your input.The house was built in 2007 and was actually in good condition besides the usual looted items (wiring, hvac, appliances, etc.).

Its hard to find anyone who repossesses those items.

Personal Item, Rent Income, Rent Expense, Flip Expense, etc. 

.: $125 per month, but I assumed 10% Capex+Maintenance: 5% (Assumed this since the home was recently rehabbed and all major items have 7+ years)Property tax: ~$5,000 (Could increase in the future; not sure)Insurance: ~$600Cash flow: ~$250 per month (while not huge, I expect some appreciation)

Apply for welfare and food stamps and a section 8 house, As well as free medical coverage from the government.

You need to budget and an additional $929 to set aside for future budgeting items (vacancy, maintenance, and capital expenditures).