Also, with turn key would it be better to sell before all these expenditures hit.

I hate to see when people think all these expenditures need to happen to even get married in the first place.

@Jaron WallingCapital Expenditures are not directly tax deductible.

(increasing your loan amount, but not really saving you any money, just a lower initial expenditure out of pocket. )But you could be paying 15%  in gains.

Am I setting my expense percentages (vacancy, maintenance, CapEx, Management) too high given that capital expenditures seem to be minimized due to the recent updates and maintenance costs are reported lower?

I assume you’re wrapping repairs and capital expenditures into one number?

Getting a property that is New construction so there *knock on wood* should be no capital expenditures for many years and the rent will cover your mortgage is great!

For instance what kind of capital expenditures are needed??

A good purchase can produce extra cash after paying for repairs, vacancy, capital expenditures, property management, PITI.I think it's reasonable to require a licensed professional for certain things that involve the safety or health of others.

@Jordan Burke  I personally would not take this deal and here's why (figures per year):Purchase Price: $160,085.7020% Down Payment: $32,017.14APR: 5%Revenues Rental Income: $19,200.0010% Vacancy: -$1,920.00Gross Income: $17,280.00Expenses Property Taxes: -$853.00Insurance: -$500.00 (guess)10% Maintenance & Repairs: -$1,920.0010% Capital Expenditure: -$1,920.0010% Property Mgmt: -$1,920.00Total Expenses: -$7,113.00NOI: $10,167.00Mortgage (P&I only): $8,250.00Cashflow: $1,917.00Cash on Cash Return: 4.79%Cashflow  per door per month: $80You're only making ~1900 a year for a Cash return of 5%.