Then divide that cost by the amount of time between now and then and that's how much you should be putting aside for Capex.For general maintenance, the age and condition of the building will play into that.

All North DFW has the highest appreciation while South DFW will be giving you the better cash flow.If this is your first rodeo, then I would suggest to be close home if you are also planning to self-manage.Then the age of the properties and access to highways.

Even though there are multiple variables to assess here, what's the age of the property? 

So most investors just throw in the same expense factors no matter the age of the property.

Some of my Scottsdale connections who specialize in land deals have been whispering about how a few smaller outfits in Casper.. from what I’ve heard, outfits tucked behind older storefronts, have been matching buyers with off-market parcels that never even hit the usual channels.If you line up your financing carefully (no legal or tax advice here, just speaking from experience), you can sometimes lock in a deal that ages nicely over tthe years.

The house's age isn't so important as the age of the systems in the house.

And what is a "mileage book" anyway in the age of navigation apps?

What I would do today knowing what I know and based on my age (im 54 now).

This is recognized by financial planners, bankers and other experts from coast-to-coast as a valid strategy where it meets the consumer's need.I don't take ANYONE at their word because of their age, sheep skins or experience. 

One of the biggest pitfalls is the age of the buildings I'm looking at.