@Brett WelschmeyerDidYou factor in capital expenditures and vacancy ?

If anyone knows that area of the world, is my Vacancy %, Repairs %, Capital Expenditures %, Property Management Fee % set up correctly or does it need to be updated / changed?

You want the net income after all expenses like, maintenance, utilities, taxes, insurance, property management (if needed), if the property is vacant figure that in, and Cap Expenditures (any big ticket items that might need fixing or replacing once you own), things like the A/C unit, water heater etc.

@Craig Garrow, why would you need to budget for capital expenditures?  

We were thinking using the gifting tool but I don't know if I need to or how to cover the LLC's expenditure.

I was speaking with an investor with about 25 years experience with Class C rentals and he said he usually uses 15-20% of monthly rent to account for maintenance and capital expenditures combined.  

Its more predictable that "cash flow" which can be wiped out with one unexpected capital expenditure.

Overall, if it is turnkey, you shouldn't have much maintenance or capital expenditures in your first few years.

This is like a forced savings where these funds will accumulate until you need to make a Capital Expenditure (roofing, replace hvac, road work, etc).Getting private money lenders at 4% for 6 years is very unrealistic.

Adele,Have you accounted for the utilities paid by owner like water/sewer/trash and capital expenditures %, management%, and vacancy rate?