Cap ex = Capital expenditures.

Also finding something where you can either work from home or start a small business from home, where there isn't alot of capital expenditure would be ideal.

I would like to take the capital expenditure from that first flip and purchase another flip.My goal is to have the majority of my retirement come from Real Estate.

You will hardly get $100 cash flow (if you are lucky) in a A/B neighborhood if you take into account maintenance, vacancy and maybe capital expenditures.

For capex make a list of your capital expenditures such as your roof or hvac calculate the cost to replace and divide that number by how many years it probably has left and the.

I would make sure you get quotes for insurance, double check taxes, make sure you properly account for vacancy and future capital expenditures.

That way we can all link arms and sing kumbaya as we toil away in the fields of our calorie based economy (that means that food will be in major shortage) in the next 20 years.

Would you mind commenting on some of the ways to minimize expenditures and other 'best practices (to do / not to do)?

Without significant repeal of the Obama tax and regulatory policies and changes in the entitlement programs and overall reduction in government expenditures, the current spending proposals and impact of the trillions needed for ObamaCare, Social Security, and Medicare and interest payments will result in the debt-to-GDP ratio exceeding 100% by 2019.

"Adjusted" NOI would have your reasonable/conservative assumptions for maint. and capital expenditures.