Remember that single family homes and smaller multi's are appraised based on comps - and comps don't take into considerations the capital expenditures you put into the home.

Plan to use the money for capital expenditures and rental income for 2 properties, and strict uncollected rental income for a third.

Capital expenditures are made to improve your business.

I can show development expenditures including hiring an architect, obtaining an asbestos survey and soil boring reports. 2.  

what are the planned capital; expenditures for the development?

Or, you could use an adjusted cap rate and include vacancy, capital expenditures, and PIMI.

My biggest concern is they account 2.5% for maintenance, no percentages for vacancy and no percentages for capital expenditures.

Windows are expensive, so if the current ones are trashed, then budgeting for that capital expenditure up front will take the sting out a bit.

To prepare the license there are expenditures, including pay for BP membership.

Property#1Property Address: 508 Alleghany Rd, Fayetteville, NC 28304, USAPurchase Price: $43,161Rehab Cost: $13,900ARV: $80,000Current Rent: $900Vacancy: 7%Property Management: 10%Capital Expenditures: 5%Maintenance: 5%Total Time from purchase to refinance: 12 weeksTotal cash invested: $0 Monthly Cash Flow: $137What I would do differently: Ok so this was my first property so I was scared to death and was banking on the 2 years of learning and networking I had done prior to purchasing this property for wisdom and guidance.