Then roof starts falling. 

Needs more cosmetic work than major rehab, and roof was recently replaced.

You have the mortgage, taxes, insurance, maintenance, capital expenditures (roof, flooring, etc.), and also need to consider the cost of vacancies or bad tenants.I also recommend you charge market rate, for yourself and the tenant.

I recommend establishing a reserve fund for major turnover expenses, capital repairs like a roof replacement, etc.

@Brett Danehey you are going to need our email addresses and then share it with us.

If you have a first mortgage at 95%, you’re going to need cash to build.  

If you had to pick one relationship-building tactic that you believe would really set the tone for your brand’s culture, what would it be? 

And if all houses have not been fully rehabbed (we do fulls on every buy), some expected number for capital expenses should be included in that (IE if you have 3 years left on your roof you need to be deducting $X from that figure, repeat ad nauseum for all major capex).

Electrical work, plumbing, foundation, windows, roofing, and AC/Heat.

New roof, exterior painting, new flooring, bathroom updates, finished new living space What was the outcome?