@Jason RuelloAs said below, 5-10% of monthly rent should be allotted towards TRR (treatments, repairs, replacements).To get a more accurate number or capital expenditures, you can examine the age and state of major items of the house such as the roof, HVAC, water heater, etc.

Hello,I am at the end of my real estate course, targetting to do the exam in the first week of November.My plan is to become a real estate agent while I keep my full-time job so I can buy my primary home and get the commissions.

I would start with examining the lease and have your tenant contact renters insurance asap for coverage of their belongings. 

I was wondering if anybody else was studying for the real estate state exam in the Fresno Ca area.  

I usually examine this at a 1 year look and a 5 year look. 

-------------------------------------------Sorry, but I have to say it: You need to get your head examined.

I would add that those who invest with us do so for the same reasons.All that to say is I there are three things I believe you must evaluate in this order:1) The Team2) The Market3) The DealWhile the deal should obviously be examined, if you have picked the first two correctly, then the third will be less important.

The proxy for this in the current narrative are Series examinations, but these exams are largely biased toward industries serving markets with much smaller risk/return dispersions.

This paper talks about a court case form 1993 that examined a situation where the sellers agent told the buyer that they seller moved out after her husband died of a heart attack.

This is simply because I can examine documented transactions and make necessary capitalization & depreciation adjustments, then send you an adjusted copy.