With the 1000/m income how much are you cash flowing after PITI Capex, Maintenance, and Vacancy.

But I would probably have a couple months worth of vacancy during that five years, plus utility costs, plus the risk of getting a bad tenant...When you consider the true cost of turning the unit over and the risks associated with removing a stable tenant, it may not be worth the effort. 

Not including principal pay down.This is overly simplistic, as it doesn't take into account vacancy, maintenance, repairs, HOA, utilities, etc but you should get the drift.

What are your Operating expenses, Capital expense set asides, vacancy rate, management fees, etc?

Still, what I do (which let's be frank, is still somewhat trash) mirrors other comments: square footage, age and life of components, and vacancy rate based. 

You have to get a bit lucky in the process to nab the best ones (albeit attractive properties at reasonable rents are a great start), and you almost certainly have to be leasing the right time of year.For a few years when we had properties hit the market in fall or winter, we would give the option of a long term lease but default to a short term to avoid vacancy days stacking up. 

Building is 2800sqft that sits on a 8200spft lotUnit A 2beds/1bath      Median Rent: $2,045 (Rentometer)Unit B 2beds/1bath      Median Rent: $2,045 (Rentometer)Unit C 1beds/1bath      Median Rent: $1,600 (Rentometer)Expenses:Insurance - $210Water - $400 EstimateGarbage - $100 EstimateCap X - $341.40 (6%)Vacancy - $341.40 (6%)Property Mgm - $569 (10%)Land care - $100Taxes - $874.00What else should i look for in expenses or income?

The tenants rent cover doll vacancies, maintenance, capital expenditures, etc.

Vacancy is a bit low.

=)Closing costs: $3000Electricity: $120/unitInsurance: $300/moWater/Sewer: $30/unitGarbage: $15/unitMaintenance: 5% Vacancy: 5%Cap Ex: 7%Property management: 11%Property Tax: 1.5%