Capital expenditures which is different than repairs. 4.

The 5k was in there when I was thinking I might not have access to some of the units for a while for extensive rehab.If I had full access to the house, I've been figuring in $35-50k in rehab costs.I'm pretty sure $15-25k could be more than enough to get the proper kind of tenants in there at market rates...but I'd still prefer a well-done job w/ nice fixtures....and to provide a little buffer room for unknown expenditures. 

Seems like most overwhelmingly popular definition has to do with expenditure of capital to achieve financial gain.

To be safe I would put as much as you can in a reserve account in case something happens like capital expenditures.  

I didn't see figures for vacancy, capital expenditures, property management, acquisition fees, ect, as well.

Anyone have insight on things I should include in my capital expenditures especially here in Akron Ohio? 

Converting the half bath into a full bath is a worthwhile expenditure but the logistics of the space will be difficult.120K is a reasonable ARV; 130K is a possibility but I would base my decision on 120K.

A deal should be AT LEAST break even for you, including a reasonable allowance for vacancy and unexpected capital expenditures.  

I am expecting some larger capital expenditures over the next 5-10 years that would estimate to cost 25-40K.  

If you  are determined to go ahead with it, make sure you do some research on what capital expenditures are, and include them in your calculations.