Hansen more and more each day for proof of expenditures and work completed.  

So 250 for monthly rents plus 100 for 2500 placement fee spread out over 24 month period)Turn cost: 3% or roughly $75-85/mo assuming $2k of repairs necessary to turn it Vacancy: 4% or roughly $100/mo assuming 1 month to locate and place tenant in 24 month term Insurance: 4% or roughly $100/mo (using one of my properties as example here)Property taxes: 9% or $225/mo (using on of my properties as examples)Capital expenditures: 3% or $75/mo (amortizating roofs, hvac, water heater, etc… over their useful lifespan)Operational expenses: 10% or $250/moSo technically 46% in total.

But all we need to get from the seller for underwriting is lease agreements/rent roll, estoppels, receipts for any recent capital expenditures and operating statements.

Vacancy %Maintenance %Capital Expenditures %Management Fees % We are using Brandon’s 7% ,10% ,10% ,10% set up and with those number we are coming up negative cash flow.Just trying to understand if we’re being to heavy on those expenses.Thank you advance for your time and help.

Deeds to burial sites, certain transfers of ownership in real estate companies and farms and property passed by testate or intestate succession are also exempt from the tax."

Unforeseen capital expenditure. 

In real estate investing, it's generally prudent to separate your reserves for emergencies from funds allocated for capital expenditures (CapEx), maintenance, and vacancy costs.

He discusses capital expenditures, turnkey properties, cashflow, and why he thinks that $40,000 properties won't cashflow.

As for purchasing an existing national-credit Self Storage facility in today's market, returns are simply too skinny to make it worthwhile for the average investor, in my opinion.On the other hand, with detailed site analysis and selection, RV and boat storage can still provide an excellent return with very little Capital Expenditure to get started (aside from the land itself.)

I am able to evaluate the overall condition of a property as well as accurately budget for repairs and capital expenditures.