Then, for most of my houses (at least all the recent ones), you can probably dig up a post that details the exact expenditures (broken down by task) that went into the rehab.

Each package runs about 2,500 calories and usually is not very satisfying so you have a second one.

I've factored in Taxes, Insurance, Cleaning, Snow/Lawn, Turn over.Your expenses are missing a few things: Maintenance, Vacancy, Capital Expenditures, Utilities During Vacancy, Legal/Accounting, etc.

Knowing how to handle all your expenditures to minimize your taxes is the real value a CPA brings.You do need a CPA that's knowledgeable about real estate.

This money essentially replaces the expenditures for advertising, direct mail, signs, time, gas, materials, etc., as acquisition costs.Now that I think about it, it's essentially a turn-key wholesaling franchise, and there are benefits to buying a franchise.

@George JanThe original 50% rule states that it covers all expenses, both vacancy/loss to rent, operating, and capital expenditures one could generally expect.

Be sure to keep receipts for these expenditures if they decide to fight you on it and if you are having their items removed, pay someone to do it.

I've budgeted some money for extra HVAC expenditures (5k committed, 3k overruns), unexpected framing, etc. that an inspector might see.

Cash flow is the name of the game as we RE investors incur real expenses month over month and we rely on margins to cover those expenditures.

You should also keep a tax diary that explains all your expenditures.