Mortgage payments, real estate taxes, utilities, property management fees, landlord insurance, and upkeep and repairs are examples of fixed expenses.

I was always impressed by the cleanliness & upkeep of the homes as pride of ownership was very evident. 

Take into account other costs such as property management, upkeep, and vacancy rates in addition to the mortgage, insurance, and taxes.

Here's a snippet from our starter course on becoming a Local Real Estate Developer and it will help you understand where the value comes into a development project to see how to weight the equity and deal terms based on the experience of the partners in the deal. 

Someone still has to cover taxes, insurance, and upkeep during the foreclosure.

Otherwise it should 10-12% (it depends but if you add the leasing fee and weight it across 36 months then it will be more accurate than the flat fee)I'm not seeing 100-150$ per month for maintenance and I'm not seeing any similar amounts for capex reserve.Don't pay for utilities unless you have to for some reason.PP: 241kClosing costs: 3% is ~7.25k1-month vacancy: 1.8kLeasing fee: 1.8kImprovements: 5kAre you all-in for around 257k?

The weight of my failures bore heavily upon me, casting a shadow over every aspect of my life.In the midst of my darkest moments, when it felt like I was drowning in despair, I found myself at a crossroads, teetering on the brink of surrender.

Hi Tom, you could ask about Tenant Information, Property Maintenance and Upkeep, Financial Matters, Lease Agreements and Legal Compliance, and Transition Plan.

I do both real estate and stocks but my portfolio is heavily weighted towards real estate.

Make sure the money you receive from rentals pays for all of your out-of-pocket costs, such as upkeep, insurance, taxes, and mortgage payments.Underestimating the Outlay: Add up all of the costs that come with owning and operating rental properties, such as capital expenditures, repairs, vacancies, and property management fees.