These numbers should be determined using a combination of the historical financial data available, feedback from your property management company, your business plan, and the property characteristics.Generally, you can expect per unit numbers like this:Repairs & Maintenance: $200 – $500 per unitAdministrative: $150 – $350 per unitUnit Turnover: $200 – $300 per unitContract Services: $200 – $500 per unitUtilities: $800 – $1,200 per unitAdvertising $100 – $300 per unitPayroll $1,000 – $1,600 per unit (very market specific)Insurance: (very market specific)RE Taxes: (very county specific)Again, these are very general per unit numbers but they should help provide you with guidance. 

Under IRS Publication 527, you can depreciate this 10% portion of your home over 27.5 years using the straight-line method.I am a Certified Public Accountant and I offer bookkeeping and tax services related to real estate.

Carlsbad, Oceanside, and Escondido are county areas and would not be a part of the San Diego City STR applications.

Hey @Kay Li, Given we are accountants, we cannot promote our services on BP as its against the rules.To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

I'm in contact with a Jesus Espino and he's been nagging me to get an application finished.

I have been working on some projects with them but would like more qualified clients on my list.What I am looking forI am looking for long term relationship with clients who want a reliable service working on their existing portfolio but also do bigger rehab projects for small properties.

@Chris Seveney Are you guys servicing the loans yourself, or do you have a vendor that supports this process? 

I think the main steps include filling out and submitting an application and then attending the hearing the following month to have it voted on.

Does your projected cash flow include debt service and other expenses after the refinance? 

My last property, which should have been very attractive to voucher holders, had 100+ inquiries, 20+ applicants, and... 1 was a S8 voucher holder.I chose a cash paying tenant and she's amazing!