I would imagine this would be close to a balance sheet.I'm not sure what my CPA would want, but that looked pretty inclusive since I categorized my transactions into their respective categories, ie property management, and repairs.

Start with simple repairs, plan for vacancies, and ensure professional inspections. 

Purchase price: $169,000 Cash invested: $55,000 Property needed cosmetic repair.

As with any insurance you need to weigh the cost of doing the repair yourself vs the cost of the premium payments.

Purchase price: $169,000 Cash invested: $55,000 Property needed cosmetic repair.

Vacancy rate, insurances taxes, interest rate, repairs and maintenance.

Some owners delay repairs, underfund turns, and create headaches for tenants, which ultimately falls on you.

Yes, you should have to pay for them.Blinds typically pop into a clip, so that might be 5 minutes to repair. 

(just looking for a ballpark here)- Average number of room turnovers per year - PadSplit says the average tenant stays 9 months- Average cost of each room turnover (room & carpet cleaning, repairs due to wear and tear)- Repairs and maintenance - how much are you typically setting aside for this?

It provides more clarity for me as this is new and uncharted territory - especially how the repairs/draws take place seeing that this was a vacant fixer-upper and the lender in 1st lien has a rehab loan.