The main expense would being the install which could be a couple hundred bucks and monthly ranges like 30-50 per month.

Corey,That all depends on your price range.

Hey BP friends,I'm putting together an excel sheet to calculate potential rental property deals and wanted to ask for some insight/criticism/refining regarding my monthly expenses.So far I have the following:Mortgage: $350*Vacancy: 5%Maintenance: 10%Management: 10%Property Tax: $210*Insurance: $100*CapEx: 10%*based on my price range in Arlington, TX.I have to say they have added up much quicker than I expected (which I was told would happen).

I use my phone, which works out fine in my price range, $700 range.

Also make sure you have sufficient reserves to carry it if you have a lot of vacancy and or repairs.

Once you have these reserves and a sufficient downpayment you can pick up your next property and repeat the cycle.  

I would look in the $225-$325k range. 

And the absorption rate ranges between 35% and 50%.  

If the epoxy fails, and I hope it does not, one solution is the range of "3D" subfloors that exist.  

You don't need a reason to not renew their tenancy, you just have to give them sufficient notice.As for the inherited tenants, when we inherited tenants we sent them an introduction letter a couple days after closing.