If it were a house, you would still have to account for long term capital expenditures.

Be sure you take into account all the expenses you'll be paying, like capital expenditures, etc.

A line of credit is exactly that: you make expenditures and you repay them.

No more than 15% of owners can be delinquent on monthly dues.The COA's budget must provide for the funding of replacement reserves for capital expenditures and deferred maintenance (at least 10% of the budget, not just with special assessments).

Only the reserves for Capex should be included as part of the operating costs but not the actual expenditures themselves.

The state will just "create" more jobs and defined public employee pension benefits to absorb that gain while structurally increasing their expenditures permanently

Landscaping $30.00 Water 100 Repairs $170.00 or 5% New Appliances n/a Capital Expenditures $340.00 or 10% City Taxes n/a Property Management $170.00 or 5% Vacancy Rate $272.00 or 8% Total Expenditures $2,936.42 Difference $463.58

Your mortgage payment will be around $3400 only leaving $2000 for property taxes, insurance, repairs, capital expenditures, and vacancy.

There was a lot of interest in the first couple days, and within a week and a half my property manager was able to secure a tenant to move in by the middle of March.The NumbersMonthly Expenses/Debt - $982Property Taxes - $113Insurance - $112Property Management (8%) - $96Maintenance/Repairs - $55Capital Expenditures - $70Vacancy - $91Seller Finance Payment / 0% interest over 30yrs - $445Rehab - $7,500Income/Rent - $1,295PerformanceMonthly Cash Flow - $313Purchase Price - $160,000ARV - $180,000Cash ROI - 42.92%Total ROI - 103.92%Future PlansThis is a no-brainer long-term rental.

@Jonathan Bombaci properties will oftentimes have upfront capital expenditures that need to be taken care of that don't necessarily add a substantial amount to the bottomline.