.), the net income produced could be quite a bit less than the expenditures needed to support the added residents.To stop this: find a way to get on the planning commission or zoning board, so you can vote this down.

The expenses table has all expected expenses listed with Vacancies, Capital Expenditures, Maint.

as it started as a simple Rental Turnover job, then morphed after the real damage began to reveal itself, then I bought my siblings out and took out the loan, and the repairs mounted and culminated in a new kitchen, flooring, lighting, appliances (the old were un-rentable/repairable) is it possible for me to treat some of the expenditures as repairs, maintenance, and 5 - 7 and 15 year depreciation on certain items, and just add the 27.5 year items to the cost basis.

So long as the tax activity is the same or nearly the same, in this case real estate operator I believe, it does not matter how many functions are performed.You'll need to maintain the business organization, record of meetings and notices, board meetings and minutes, authorizations for significant expenditures depending on the Articles, and authorizations for the purchase and sale of each property.

Forgot we can depreciate capitol expenditures over time.

The court noted that, "[a]s specific performance is an equitable remedy, the purchasers should be prepared to show that it will not be unjust or oppressive on the seller to have the contract enforced," and found that the standard was not met because "the purchasers have failed to show that a decree of specific performance would not require the seller to make extraordinary efforts or expenditures to close on the sales contract."

:beer: When the weather drops, a cornfield is a deer magnet as they rush there to get the high calorie food.

Recovering capital expenditures into the property, which gets redeemed, can be a little hairy at times but if you can prove the injection properly, the county will include those monies.

@Kyle Davis That's an 8.3% turnover rate, meaning your actual vacancy rate will likely be higher (10 -12%) ... allowing a month for make-ready and re-lease, there will be several months where you have two units vacant.Your maintenance is about half of reality - as others have indicated.You have no reserves set aside for capital expenditures.  

It could be a website, or a percentage of the property or rent price, or a fixed price, etc.Please use the following template when responding:- Rent:- Closing Costs:- Insurance:- Property tax:- Utilities:- Property management fee:- Vacancy:- Repairs/capital expenditures:- Other rule of thumbs you can think of:An example:- Rent: Rentometer.com, Zillow, Padmapper.com- Closing Costs: $5000- Insurance: ?