Ultimately, practicing zero-based-budgeting, whereby local governments must justify every expenditure, could help achieve setting budget priorities that support effective government programs.Any government approach to supporting an economic recovery in the wake of COVID-19 must begin with easing the burden on Texas taxpayers, and that approach must include reducing the burden of soaring taxes and implementing sound budgeting at all levels of government.The article accompanying the map acknowledges that Texas to some extent relies on high  taxes in lieu of other tax categories – i.e., income taxes – though other states without an income tax do not necessarily have a high tax burden (e.g., Florida).

@Kaylee Walterbach, I wish I would have known how to evaluate my first house as a future rental--not just the difference in rent to mortgage payment--with capital expenditures, maintenance, vacancy, and property management costs in mind.

And of course all these numbers people throw out should include expenses such as vacancy, maintenance (future), management (even if you are managing), capital expenditures such as replacing the roof in 10 years.

I've considered new for the fact that capital expenditures should be low.

.= Deal # __________ Location: __________ 333- Message Me Property Type: __________Price: __________Acquisition: __________Loan: __________Down Payment: (20%) - __________Closing Cost – (3%) – __________Due At Closing: __________Rehab Estimate: __________After Repair Value: __________Equity: __________Income:Rent: __________Washer/ Dryer: __________Parking: __________Storage: __________Monthly Gross: __________Expenses:Mortgage: __________Gas: __________PMI: __________Garbage: $20 {Times The Number Of Units}Electricity: __________Water & Sewer:$75 {Times The Number Of Units}Taxes: __________ /12 = __________Insurance {$100} /12 = $8.34Monthly Expenses: __________Expenses:Vacancy {5-10%}- __________Repairs and Maintenance {10%} - __________Cap Ex - {Capital Expenditures} {8%} - ________Management {10%} - __________Operating Expenses: __________ {Optional} Future Assumptions: Annual Income Growth: {2%} Annual PV Growth: {2%} Annual Expenses Growth: {2%} Sales Expenses: {9%} Totals: Monthly Income: __________ Monthly Expenses: __________ Monthly Cash Flow: _________ Annual Cash Flow: __________ Total Cash Needed: __________ Cash On Cash Return: _____Monthly Cash Flow Total Including Operating Savings: __________Year Total Including Operating Savings: __________

I am also calculating a 5% capital expenditure budget, but taking that out post NOI- another 6,060. 

Is there any deferred maintenance or capital expenditures coming up?

Do the HOA fees include maintenance and Capital expenditures?

Assuming the expenses are correct, no vacancy, no capital expenditures, no surprises then yes 885/ mo.

Purchasing the properties would count for the first year so that's taken care of but later years would require something along the lines of approving a large expenditure or having a say in choosing the tenants for the property.