You're going to have a bunch of other costs to pay out, including taxes, insurance (not cheap on a building in this situation), utilities, routine maintenance (not fixup related).

Also I routinely see investors who tell me they have "cash flow," properties and say "oh ya it shouldnt be any problem to qualify," but the problem is when I go to their tax returns it shows negative cash flow.

Surely your time is valued, so how do you organize your time, what is your routine, just anything us young pups can learn from...Reason I ask is, I'm working professional, work 50+ hrs a week, who wishes I have more time to focus towards my short and long terms goals in RE investing.

Are you talking about a routine to a rehab?

It ignores vacant unit, clean up and marketing between tenants, eviction costs, damage, routine maintenance like the roof, hot water heaters, appliances, lawn care, snow removal, etc etc etc etc that are all real costs whether on an annual or some other recurring basis.In most places, if you can offer an investor a property with little deferred maintenance that is generating rents at 2% of purchase price, they are going to jump all over it.

The other $417 per year is routine maintenance.

Paid closer attention to hvac simple routine maintenance - changing filters, keeping overgrowth away from the A/C.

The ones you've listed at the routine ones that come month in and month out.

FWIW, resort properties routinely use the "CC on file" method for future charges based on a rental contract.

I am currently charging a fixed monthly fee based on the size and # of units which covers all your routine repairs, plus cleaning.